iShares, the issuer behind the most popular product in the Preferred Stock ETFdb Category, debuted an international counterpart to PFF this week. The recently-launched S&P International Preferred Stock ETF (IPFF) will be linked to an index consisting of preferred stock from ex-U.S. developed market issuers, with a hefty allocation to Canadian banks. IPFF becomes the sixth U.S.-listed ETF to tap into this asset class, and just the second to offer access to preferred securities offered in developed markets outside the U.S. Preferred Stock 101 Preferred stock is classified as equity, but these securities exhibit characteristics of both stocks and bonds. Preferred stock generally carries no voting rights and offers a fixed dividend payout that is subordinate to debt payments but senior to dividends on common stock. Some preferred stock is convertible to common equity at a predetermined ratio, a feature that allows investors to maintain some potential for upside appreciation [...] Click here to read the original article on ETFdb.com. Related Posts: Global X Debuts First Canada Preferred Stock ETF (CNPF) iShares Planning International Preferred Stock ETF Preferred Stock ETFs Continue Winning Streak Definitive Guide To Preferred Stock ETF Investing Preferred Stock ETFs Still Popular
iShares, the issuer behind the most popular product in the Preferred Stock ETFdb Category, debuted an international counterpart to PFF this week. The recently-launched S&P International Preferred Stock ETF (IPFF) will be linked to an index consisting of preferred stock from ex-U.S. developed market issuers, with a hefty allocation to Canadian banks. IPFF becomes the sixth U.S.-listed ETF to tap into this asset class, and just the second to offer access to preferred securities offered in developed markets outside the U.S. Preferred Stock 101 Preferred stock is classified as equity, but these securities exhibit characteristics of both stocks and bonds. Preferred stock generally carries no voting rights and offers a fixed dividend payout that is subordinate to debt payments but senior to dividends on common stock. Some preferred stock is convertible to common equity at a predetermined ratio, a feature that allows investors to maintain some potential for upside appreciation [...]
Click here to read the original article on ETFdb.com.
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