PGF clearly carries more risk than a more diversified approach to preferred names, as it focuses on one individual sector, but Financial equities have rallied nicely throughout the first several months of 2012 and thus the preferred stocks have performed well in tandem with the common stock issues of the same companies, not to mention that the preferred stocks offer a yield component that make the issues even more desirable to investors.
Currently, top holdings in PGF include preferred issues from companies including HSBC, Bank of America, ING Group, and Credit Suisse for example.
PowerShares Financial Preferred Portfolio
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