Preferred Shares - USA ETF

Dec. 7, 2019

Introduction

It is one more financial product I like to learn. I read the article from the blog here, and I like to write down one single concept to learn. 

ETF preferred stock

In America, the biggest ETF is the iShares U.S. Preferred Stock ETF named PFF, but there are a few others, including ones that deliberately bias towards Fixed or Floating issuers.

Name	Ticker	Current Yield	MER	Type of Share
iShares U.S. Preferred Stock ETF	PFF	5.5%	0.47%	Both
PowerShares Preferred Portfolio	PGX	5.66%	0.51%	Fixed
PowerShares Variable Rate Preferred Portfolio	VRP	3.95%	0.5%	Floaters