Rising Rate Concerns Weigh on Preferred Stock ETFs
June 13, 2013 at 07:17 AM EDT
Preferred stock exchange traded funds have helped income-oriented investors cash in on robust yields, but rising interest rates are beginning to dampen the investment’s appeal. The iShares S&P US Preferred Stock Index Fund (NYSEArca: PFF) has gained 0.8% year-to-date, but the fund has...