Seeking Alpha

Invesco and Deutsche Bank will each launch an income-focused ETF today

  • The PowerShares Variable Rate Preferred Portfolio (VRP) will track the Wells Fargo Hybrid and Preferred Securities Floating and Variable Rate Index to gain exposure to capital weighted pool of preferred stocks and qualifying hybrid securities.
  • The db X-trackers Solactive Investment Grade Subordinated Debt Fund (SUBD) will tack the investment-grade subordinated corporate bond market denominated in U.S. dollars; this will be the first U.S. listed ETF to focus on subordinated securities.
  • Subordinated loans rank below senior corporate bonds but this risk could potential lead to a higher yield than existing corporate debt funds.
  • Other preferred share ETFs: PFF, PGX, PSK, PFXF, SPFF, FPE
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