The current market environment may present investors with an attractive entry point for U.S. preferred shares. Issuer credit profiles continue to be strong, making the higher yields paid on U.S. preferreds (when compared to bonds of the same issuer) very attractive. Flaherty & Crumrine President and Portfolio Manager, Eric Chadwick, discusses how high yields, quality credit, and modest duration may provide market price support and capital appreciation opportunities for U.S. preferreds in 2023.
Funds in focus:
Brompton Flaherty & Crumrine Investment Grade Preferred ETF (TSX:BPRF)
Brompton Flaherty & Crumrine Enhanced Investment Grade Preferred ETF (TSX:BEPR)
