SPFF News and Press, Global X SuperIncome Preferred From 06/06/23

2023-06-06 10:36:28 ET Bank of America introduced coverage on 11 exchange traded funds with positive views. The group consists of preferred ETFs, which focus on hybrid securities that have some characteristics of both stocks and bonds. The bank outlined four reasons they like preferred ...

2023-04-04 11:26:00 ET Summary The recent banking crisis created significant turmoil in several markets, including preferred and capital securities. Yet, with the crisis seemingly now contained, the extra risk attached to the hybrid assets is likely overdone, creating a compelling...

2023-03-30 04:52:22 ET Summary Global X SuperIncome Preferred ETF is an exchange-traded fund focused on preferred equity. The fund is overweight financials which represent over 78% of the portfolio. The fund has a 6.65% dividend yield and is a cyclical instrument. The main...

Summary Futures markets are projecting a path to rate increases tapering off in the earlier stages of 2023. Treasury Inflation-Protected Securities (TIPS) can help investors monetize elevated inflation by readjusting the coupon payment. We see certain option-based strategies like co...

Summary SPFF tracks a preferred stock index. It shows an attractive 7% distribution yield. It has lagged at least 4 of its competitors since inception but did well in 2022. It has lost about 35% in share price and 37% in income stream since 2012. Bonus: How to manage capital...

Summary The global economy has been hit by several headwinds, almost all of them leading back to higher inflation. Europe is likely already in recession, the U.S. will enter recession in Q2 2023, while China struggles to make recovery headway. Markets have faced up to the reality ...

Summary Elevated inflation, currencies, slowing global economic growth expectations, and reduced central bank liquidity remain key economic considerations. Volatility measured by the VIX spiked in September after declining in August. This wall of worry is real, but it is impor...

Variable rate preferreds tend to offer an attractive mix of higher yield potential and lower duration than other income-oriented asset classes. In analyzing historical performance during rising rate environments, we found that variable rate preferreds typically outperformed broad fixe...

The global economy and financial markets have suffered a dreadful H1 2022, ravaged by a severe commodity shock, strict COVID-19 lockdowns in the world’s second-largest economy, and one of the most aggressive Fed tightening cycles in recent history. H2 looks equally tough. In it...

PFFA generated high returns, as preferred stock helped this ETF earn higher coupons, sail through the market turbulence and generate an attractive pay-out. Preference shares involve risk of dividend deferral as well as risk of falling price and falling yield of preferreds in a rapidly...