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PSK

As the ETF industry has expanded in recent years, so too has the number of asset classes accessible through exchange-traded products. With more than $2 billion in cash inflows in 2009, preferred stock ETFs have become a big hit with some investors, offering “hybrid” exposure that has delivered strong returns provided valuable diversification benefits to traditional portfolios split between stocks and bonds. [click to continue…]

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September was one of the most active months in the ETF industry in recent memory. We saw a wave of new fund launches from industry leaders and smaller players alike, along with perhaps the first of many commodity fund closures. September saw the introduction of another actively-managed ETF, proposals on several more innovative funds, and expanding product lines from many of the industry’s newest entrants. [click to continue…]

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On Thursday, State Street launched the SPDR Wells Fargo Preferred Stock ETF (PSK), an ETF that invests in non-convertible preferred stocks. The new SPDR will compete with two existing products from iShares and PowerShares, both of which have been incredibly popular among investors through the first three quarters of 2009.

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