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.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.