- The Global X Variable Rate Preferred ETF invests in the fixed income markets of the United States based on the ICE U.S. Variable Rate Preferred Securities Index.
- The variable rate market is becoming popular with fixed income investors as a way to minimize any price damaged as interest rates continue the climb they started in 2021.
- While the PFFV ETF is down YTD, and could go lower, I would allocate some of one's fixed-income allocation to an ETF like this one, thus my Buy recommendation.
For further details see:
A First Look At The Global X Variable Rate Preferred ETF