Not Out With the Old for Preferred ETFs

The iShares U.S. Preferred Stock ETF (NYSEArca: PFF), PowerShares Preferred Portfolio (NYSEArca: PGX) and other ETFs holding preferred stocks were stung by rising Treasury yields in 2013. While not as bad as long-duration bond funds, PFF and PGX have an average 2013 loss of 1.4%. The PowerShares...
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