Preferreds

With U.S. interest rates still near historic lows and other major developed markets sporting even more piddly sovereign debt yields, income investors continue embracing unique, high-yield asset classes such as preferred stocks. The universe of preferred exchange-traded funds grew Thursday with the...

Traders are increasingly reconciling the fact that the Federal Reserve will raise interest rates in December. That speculation is prompting some pressure on rate-sensitive asset classes, as highlighted by recent retrenchments in real estate and utilities stocks and exchange-traded funds. Preferred...