Barclays Global Investors new exchange traded fund (ETF), the iShares S&P U.S. Preferred Stock (PFF) began trading last Friday.  This new ETF provides exposure to a diversified basket of preferred stocks.  Preferred stock generally offers a higher yield than common stocks, with expected volatility and returns between common stocks and bonds.  They also deliver a set, guaranteed dividend payment.  This could just be the beginning of a new line up of ETFs from Barclay’s.

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