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SSgA Files For A Third Preferred Stock ETF
May 05, 2009 5:02 am
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State Street Global Advisors has filed to launch an exchange-traded fund that would invest in nonconvertible preferred stocks. It would trade on the NYSE Arca and seek to replicate the Wells Fargo Hybrid and Preferred Securities Aggregate Index. No cost information was supplied in the filing. Preferred securities have been an attractive area for more-income-minded investors lately. The stocks usually pay a fixed rate of distribution in addition to any potential gains an investor can receive from shares' price movements. Preferred shareholders also gain preferential treatment over common stock in bankruptcy proceedings or other legal disputes over distributions. The new SSgA ETF would compete head-to-head against two others already on the market. Those are the PowerShares Preferred Portfolio (NYSEArca: PGX) and the iShares S&P U.S. Preferred Stock Index Fund (NYSEArca: PFF). You can read related articles about PGX's launch late last year here. You can also get a more in-depth analysis of the attractions and current prospects for the preferred market here. But anyone considering investing in this space might want to also consider reading a review stacking preferred stock funds against other income-generating options in this Alternative Investor column from late last year.
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Short-Seller’s Guide To GLD
Gold, despite its recent rebound, has gotten clobbered over the past three months.
Looking Beyond VWO And EEM
Broad-based, cap-weighted ETFs were the way to play emerging markets over the past decade. But it’s time for investors to become more strategic and look beyond VWO and EEM.-
May 24, 2012
AdvisorShares Launches Cousteau-Linked ETF AdvisorShares rolls out green multi-asset-class ETF with charitable Cousteau tie-in. -
May 23, 2012
AdvisorShares To Roll DENT Into MATH AdvisorShares plans to roll its poor-performing ETF, DENT, into a better-performing strategy called MATH. -
May 23, 2012
ProShares Launches Covered Bond ETF ProShares offers relatively safe covered bond ETF for troubled times. -
May 22, 2012
Pimco’s BOND Becomes A $1 Billion Fund Bill Gross adds another $1 billion to his smile, as BOND crosses the $ 1 billion threshold. -
May 21, 2012
iShares Plans LatAm Bond ETF New iShares ETF Takes aim at relatively untapped Latin American bond space.
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JP Morgan & ETN Credit Risk
Paul & Ugo discuss the implications of J.P. Morgan's $2 billion loss, the European debt crisis and what it means for ETN investors.
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