Income-minded investors should consider the benefits of preferred securities and convertible bonds exchange-traded fund strategies to bolster their after-tax income.
In the recent webcast, Diversify Your Income Sources: The Best Kept Secret in Portfolio Construction, Sandra Testani, vice president of ETF product and strategy at American Century Investments, explained the benefits of preferred stocks, which are hybrid investments that share characteristics of stocks and bonds and offer the potential for high current income, higher credit quality, diversification benefits, and lower interest rate risk.
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