Invesco PowerShares lists preferred shares ETF in Europe

OCF of 0.50%

Invesco Powershares has brought across its Preferred Shares UCITS ETF to Europe, listing it on the London Stock Exchange (LSE).

The ETF will be managed by Jeff Kernagis, senior portfolio manager at Invesco Powershares. With dividends distributed quarterly, it will invest in a portfolio of US preferred shares, which although are technically equities, the shares have fixed dividends and behave more like bonds. Nicolas Samaran, head of innovative product development at Invesco PowerShares: "With interest rates and bond yields at all-time lows, investors have really struggled to generate meaningful income. "Preferred shares provide yields comparable to high yield bonds, but from securities issued typically by m...