Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
FYI: After a broad selloff in preferred stocks during the first half of the year, several U.S. exchange-traded preferreds from European issuers have become more attractive income plays. These include investment-grade offerings from global insurers Aegon and Prudential , and the Dutch bank ING Groep .
Although preferreds initially held up well when the Federal Reserve started pushing up interest rates, the average preferred has lost more than 10% since June, and some have slid as much as 20% since July. That was largely caused by the 10-year Treasury yield breaking through 3%. That is the benchmark for pricing these preferreds, which are issued in denominations of $25 to appeal to small investors. Regards, Ted https://www.barrons.com/articles/european-income-stocks-51545856271?mod=djem_b_Weekly Feed for Barrons Magazine
