John Hancock Preferred Income ETF Q1 2025 Commentary
Source: SeekingAlpha
2025-05-30 23:40:00 ET
Summary
- U.S. bond market rose in Q1 as yields declined, but John Hancock Preferred Income ETF underperformed its benchmark due to sector selection.
- Positive performance contributors included communications, banking, and insurance sectors; electric utilities and brokerage asset managers detracted.
- We favor defensive sectors like electric utilities and see continued income opportunities in credit and spread sectors despite market uncertainty.
- Fed remains data-dependent; labor markets are stable and inflation is contained, but risks from tariffs and economic softness persist.
Quarterly commentary Highlights
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John Hancock Preferred Income ETF Q1 2025 Commentary
John Hancock Preferred Income ETF
NASDAQ: JHPI
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