With a focus on highly qualified borrowers and an effective maturity of less than three years across the portfolio, this ETF is focused on investments that are all but certain to come through. After all, if Uncle Sam goes bankrupt in the next 24 to 36 months, we all have bigger problems ...
Rick Ferri, CFA and founder ofCore-4® Investingconsiders preferred index funds such as theiShares U.S. Preferred Stock ETF(NASDAQ:PFF) and theGlobal X US Preferred ETF(BATS:PFFD) low cost ways to access this hybrid investment category. With 296 holdings, PFF is diversified and follows the...