PIMCO Launches Preferred and Capital Securities ETF

PIMCO is expanding on their actively managed ETF roster with the launch of the PIMCO Preferred and Capital Securities Active ETF (PRFD), available for trade on the NYSE. PRFD looks to offer exposure to opportunities within the preferred and capital securities markets seeking equity-like returns with lowered volatility. A quote from the manager of PRFD states, “Strong balance sheets and higher interest rates make financial institutions, which account for most of the preferred and capital securities market, an attractive investment for those looking for a diversified allocation in fixed income and the potential to earn equity-like returns.”

ETF Newz Says:

Like many of PIMCO’s ETFs, PRFD aims to help meet long-term investment goals.

Heavily Traded ETFs
SPDR S&P 500 - SPY
Invesco QQQ
Vanguard S&P 500 - VOO
Vanguard Total Market - VTI
Energy Select Sector - XLE

BlackRock Introduces TIPS ETF Suite to iShares iBonds Lineup

BlackRock, a global investment management corporation, has expanded its iShares iBonds ETF offerings with the introduction of the...

Grayscale Takes a Bold Step with Ethereum Futures ETF Filing

Grayscale Investments, a leading crypto asset management firm, has submitted a filing for a new ETF focused on...

SEC Under Scrutiny Over U.S. Spot Bitcoin ETFs Decision

The U.S. Securities and Exchange Commission (SEC) faces criticism from a U.S. appeals court over its decision-making process...

Grayscale Continues Efforts To Launch Ethereum ETF

Grayscale Investments, a subsidiary of the Digital Currency Group (DCG), is making significant strides by applying for an...