Largest Preferred ETF ‘PFF’ is Getting a New Index

This article was originally published on

The iShares S&P US Preferred Stock Fund (NASDAQ: PFF), the largest exchange traded fund dedicated to preferred stocks, is getting a new index. Preferred stocks are a type of hybrid security that show bond- and equity-like characteristics. The shares are issued by financial institutions, utilities and telecom companies, among others. Within the securities hierarchy, preferreds [...]

Read more at >