The iShares S&P US Preferred Shares Index (NYSEArca: PFF) is the most popular ETF in this space,with $9.9 billion in assets. It yields 6.07%. For those investors seeking exposure to this space without the risk of the U.S. financial industry, the Global X Canada PreferredETF (NYSEArca: CNPF) is an option, but the yield is at 3.65%. Market Vectors Preferred Securities ex-Financials ETF (NYSEArca: PFXF) yields 6.78%, and omits the financial sector completely.
iShares S&P US Preferred Shares Index
Tisha Guerrero contributed to this article.