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U.S.-Global-Investors  on October 7, 2023


Balanced News


PGF: Beware Of Elevated Systemic Risks From Financials Exposure

I recently wrote a cautious follow-up article on the Global X U.S. Preferred ETF (PFFD), arguing that caution is warranted for funds heavily invested in preferred shares of financial companies, as the root cause of the March regional bank crisis have not been resolved. With long-term interest rates dramatically higher now than in March, systemic risks have actually increased, despite the seemingly calm macro environment.

seekingalpha.com     Oct 07, 2023