FYI: High-yield bond ETFs and mutual funds have stoked a lot of recent chatter, not all of it good. Meanwhile, smart investors have quietly bid up exchange traded funds holding preferred stock, a hybrid security.
Preferred stock ETFs are an ideal choice for investors seeking income with low volatility, says Monish Shah, head of ETF trading at Mizuho Securities.
Regards,
Ted
http://license.icopyright.net/user/viewFreeUse.act?fuid=MjExNzI2MDM=( Regular MFO Members are aware that the linkster has recommend PFF for a number of years)
Comments
Financial crisis has left me w/bad taste in my mouth for holding BANK stocks. Plus their preferreds are rarely cumulative on the dividend, which in my view is a giant "f-you" to retail investors who want the stability of income.
One ETF that's not on the list you posted but has been on my watch list for ages if I want more preferred exposure is PFXF ... preferred stocks, ex-banks. It does hold a lot of REITs but no 'banks' per se.