(This report was published to members of Yield Hunting on May 21. All data is from that date unless otherwise stated.)
The preferred space is looking more compelling in the last week having gone from a sector z-score above 1 to a z-score nearing -1. In this report, we want to analyze the Flaherty and Crumrine Preferred Stock Funds.
Flaherty & Crumrine ("F&C") is a niche sub-advisor that specializes in the preferred stock and related securities sector. They have been focusing on preferred security portfolios for institutional clients and funds since their inception in 1983.