S & P Launches Preferred Stock Index

Standard & Poor's has launched what it called the industry's first investable preferred stock index designed to serve the investment community's need for an investable benchmark representing the approximately $200 billion U.S. preferred stock market. The S&P U.S. Preferred Stock

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Standard & Poor’s has launched what it called the industry’s first investable preferred stock index designed to serve the investment community’s need for an investable benchmark representing the approximately $200 billion U.S. preferred stock market. The S&P U.S. Preferred Stock Index includes preferred stocks issued by U.S. entities that meet criteria relating to minimum size, liquidity, exchange listing, and time-to-maturity. It currently has 44 constituents and an indicated yield of 6.48%.

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