Preferred Stocks Offer Opportunity, But Selectivity Is Key
May 25, 2023 at 08:00 AM EDT
Turmoil in the regional banking industry had a contagion effect. Count preferred stocks as among the victims – not surprising when considering banks are the largest issuers of these hybrid securities. Over the past 90 days, the widely followed ICE Exchange-Listed Preferred & Hybrid Securities Index is off nearly 8%. Proving that methodology matters, the [...] The post Preferred Stocks Offer Opportunity, But Selectivity Is Key appeared first on ETF Trends .