Global X Funds has launched the Global X SuperIncome Preferred ETF, which will track 50 of the highest yielding preferred securities in North America.
Specifically, the fund will bet on the S&P Enhanced Yield North American Preferred Stock Index, which is comprised of U.S.- and Canada-traded preferred.
“For investors seeking higher investment income, SPFF offers relatively efficient access to preferred stocks that could potentially provide greater yields,” stated Bruno del Ama, chief executive officer of Global X Funds.
