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Global X Debuts Low Cost Pref ETF

TedTed
in Fund Discussions
FYI: Today Global X rolled out an ETF targeting the preferred securities space at a price point lower than any other exchange-traded product in the space. The Global X U.S. Preferred ETF (PFFD) will track the BofA Merrill Lynch Diversified Core U.S. Preferred Securities Index.

PFFD comes with an expense ratio of 0.23% and lists on the Bats exchange. Bats is a subsidiary of ETF.com’s parentcompany, CBOE.
Regards,
Ted
http://www.etf.com/sections/daily-etf-watch/global-x-debuts-low-cost-pref-etf

Comments

  • rforno

    73% in financial stocks, most of which are non-cumulative distributions. No thank you .... I'm not giving Wall Street banks a loan for them to reneg on 'interest' payments to me WHEN (not if) they get into deep trouble again.
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