Market Currents

First Trust's new actively managed Preferred Securities and Income ETF FPE began trading...

Wednesday, February 13, 7:14 PM ET
First Trust's new actively managed Preferred Securities and Income ETF FPE began trading Tuesday. FPE tries to generate income through holding preferred securities and income-producing debt securities, such as corporate bonds, high-yield securities and convertibles. This gives investors yield-generating options as an alternative route to the low interest rates in Treasury bonds. FPE comes with a high expense ratio of 0.85% compared to PFF (0.48%), PFXF (0.40%), SPFF (0.58%), PSK (0.45%), PGX (0.50%) and IPFF (0.55%). (PR)

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Tortoise #1 Comments (283)

In February 2012 we added PFF to our portfolio and added PFXF after it became available in August. Based on our cost, both have delivered yields of just over 6% with some appreciation of value.

We are completely satisfied with the performance of both ETFs - so far!

13 Feb, 08:28 PM Reply Like

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