Global X launched the Global X U.S. Preferred ETF (PFFD)

Tracking the BofA Merrill Lynch Diversified Core U.S. Preferred Securities Index, the fund provides investors with broad exposure to the income-oriented U.S. preferred asset class. PFFD's expense ratio is 0.23%, while the ETF.com category average for 'Fixed Income: U.S. - Corporate Preferred Stock' was 0.48% as of 8/31/2017.[1]