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Ulland Ranked #2 in Q3 2020 Lipper U.S. Fixed Income Universe
Ulland Investment Advisors’ Intelligent Fixed Income strategy was ranked #2 in Lipper’s U.S. fixed income universe for Q3 2020. The universe includes 1,180 money mangers/funds who reported Q3 returns across all fixed income styles. Please see the link below for the Q3 2020 Lipper rankings.
Posted in The Risks of Passive Investing – Trouble Ahead for PFF?
Much has been written about the benefits of investing in passive exchange-traded funds (ETFs), namely market returns with a low management fee. However, investors need to consider the unique risks that arise when an ETF begins to dominate a niche space such as the preferred market.
In this article we will evaluate the largest ETF in the U.S. preferred stock market, the iShares U.S. Preferred Stock ETF (Ticker: PFF), which currently holds nearly $17 billion in assets. As an active preferred stock manager, Ulland Investment Advisors manages just over $225 million in the preferred space. We can offer a unique insight into the hidden risks associated with the PFF ETF, specifically focusing on market size risk, liquidity (or lack thereof) and interest rate risk (duration).
