February 06, 2011 at 10:00 AM EST
iShares Planning International Preferred Stock ETF
iShares hasn’t launched any new ETFs since rolling out its short-term TIPS fund (STIP) in early December, but the issuer responsible for close to 45% of all U.S. ETF assets continues to expand its product pipeline. The San Francisco-based ETF giant recently detailed plans for a international preferred stock ETF in an SEC filing; the proposed S&P International Preferred Stock Index Fund would seek to replicate the S&P International Preferred Stock Index. That index consists of preferred stocks from non-U.S. developed market issuers and traded in non-U.S. developed markets, with a heavy tilt towards securities of Canadian banks. As of January 24, 2011, Canadian issues accounted for about 73% of the underlying index, while financial companies made up more than 80% of the index. Also represented in the S&P International Preferred Stock Index are Japan, New Zealand, and the United Kingdom. iShares currently offers the S&P U.S. Preferred Stock Index Fund (PFF), [...] Click here to read the original article on ETFdb.com. Related Posts: Preferred Stock ETFs Continue Winning Streak Definitive Guide To Preferred Stock ETF Investing Preferred Stock ETFs Still Popular September 2009 ETF Roundup: Launches, Filings, and Closures PowerShares Launches International Corporate Bond ETF (PICB)
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