iShares Preferred & Income Securities ETF: Higher Rates Are A Risk To Watch In 2020
January 01, 2020 at 11:00 AM EST
By Boox Research PFF returned 15.5% in 2019 supported by broad equity market strength and a trend lower in interest rates. An improving global growth outlook and firming inflation expectations could support a trend higher in interest rates, pressuring preferred shares. We take a cautious view on...