New Variable Rate Preferred ETF Debuts
May 02, 2014 at 07:00 AM EDT
Invesco’s (NYSE: IVZ) PowerShares, the fourth-largest U.S. issuer of exchange traded funds, on Thursday launched the PowerShares Variable Rate Preferred Portfolio (NYSEArca: VRP). VRP tracks the Wells Fargo Hybrid and Preferred Securities Floating and Variable Rate Index, a cap-weighted index that...