Many investors over the past couple of months, sensing volatility in the market, have been rebalancing their portfolios away from stocks and toward fixed income. Last week, we saw people stepping up and buying preferred stocks as well.
Interesting enough, finding a good list, database, or general resource for preferred stocks is not so easy. (Good idea for a start-up, anyone?)
So, when I came across investingfromtheright's blog post yesterday about a new-ish Exchange Traded Fund (ETF) from PowerShares called PowerShares Financial Preferred Portfolio (AMEX: PGF), it piqued my interest.
From the blog post, I learned the following:
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