Market Vectors, the ETF issuer from investment firm Van Eck, launched its first product in the increasingly popular preferred stock segment with a unique twist; the product excludes financial companies. The Van Eck Market Vectors Preferred Securities ex-Financials ETF (PFXF) is the first product in the segment that excludes financial companies such as banks, broker-dealers, investment advisers and futures commission …
New ETFs On The Block: Global X Superincome Preferred ETF (SPFF)
New York City-based ETF issuer Global X, famous for its focus on income and sector funds, continues to push ahead with high yield products with its latest product, the SuperIncome Preferred ETF (SPFF). The fund seeks to replicate the S&P Enhanced North American Preferred Stock Index that includes about 50 preferred stocks and is the firm’s first venture into the …