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Global X launches SuperIncome Preferred ETF

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Global X Funds, a New York-based provider of exchange-traded funds, has launched the Global X SuperIncome Preferred ETF.



The fund is designed to track 50 of the highest yielding preferred securities in North America.
 
For investors seeking income, preferred shares are an asset class worth considering due to their combination of bond and equity characteristics. Like bonds, preferred shares generally pay stable dividends with more frequent distributions than common shares. Like equity, preferred shares trade on an exchange and have the potential to appreciate in value, offering additional income growth potential for investors. In addition, preferred shareholders have priority over common shareholders with regard to claims on company earnings and assets – this may provide downside protection if a company is forced to liquidate its assets. 

By screening for the highest yielding preferred securities and paying monthly dividends, the fund allows investors to diversify their income streams and potentially increase the yield of their overall portfolio. 
 
The Global X SuperIncome Preferred ETF seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Enhanced Yield North American Preferred Stock Index. The index is comprised of US- and Canada-traded preferred stocks that meet criteria relating to size, liquidity and exchange listings, among others.
 
“For investors seeking higher investment income, SPFF offers relatively efficient access to preferred stocks that could potentially provide greater yields,” says Bruno del Ama, chief executive officer of Global X Funds.

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