Not Out With the Old for Preferred ETFs
December 31, 2013 at 12:40 PM EST
The iShares U.S. Preferred Stock ETF (NYSEArca: PFF), PowerShares Preferred Portfolio (NYSEArca: PGX) and other ETFs holding preferred stocks were stung by rising Treasury yields in 2013. While not as bad as long-duration bond funds, PFF and PGX have an average 2013 loss of 1.4%. The PowerShares...