Many advisors and investors are contemplating or actively adjusting their portfolios for the new year. That's why the insights gathered from attendees at last week's VettaFi 2026 Market Outlook Symposium were so compelling. We heard from leading fixed income experts from firms like BondBloxx, Goldman Sachs, and PIMCO, but what really captured my attention was the prevailing sentiment toward different parts of the bond market. A poll of attendees revealed that investment grade corporate bonds (48%) and high- ...

iShares Preferred and Income Securities ETF (NYSEARCA:PFF) offers investors a 6.4% yield by investing in U.S. preferred stocks and income-producing securities. With $14.2 billion in assets and an 18-year track record since 2007, PFF provides monthly income through a diversified portfolio of preferred securities issued primarily by financial institutions and REITs. The fund charges a 0.45% expense ratio and maintains no leverage. Distribution Reliability and Interest Rate Sensitivity PFF's monthly distributi ...

公司业务动态 - 道富投资管理公司推出一款新的低成本超短期债券ETF，即SPDR Portfolio Ultra-Short T-Bill ETF (SPTU)，该ETF于今日开始交易 [1] - SPTU旨在为顾问和零售投资者群体提供支持，提供剩余期限大于等于1个月且小于12个月的美国国库券敞口 [1] - SPTU的费率仅为5个基点，是美国国债基金类别中成本最低的ETF之一，低于其同类产品BIL 014%的费率 [1] - 公司首席业务官表示，SPTU的推出为客户提供了一个低成本的超短期国债选项，旨在帮助他们实现创收和风险缓释目标，并可能作为机构投资者的灵活融资解决方案 [2] - 道富SPDR Portfolio ETF系列自2017年推出，涵盖美国股票、国际股票和固定收益资产类别，旨在帮助投资者建立多元化的核心投资组合，该系列已积累超过3230亿美元资产 [3] 产品表现与资金流动 - 道富在短期固定收益ETF领域是领导者，其SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) 管理着420亿美元资产，并在2025年增加了超过50亿美元的净流入 [1] - 在2025年，SPDR Portfolio S&P 500 (SPLG) 增加了240亿美元的新资金，SPDR Portfolio Developed World ex-US ETF (SPDW) 和 SPDR Portfolio High Yield Bond ETF (SPHY) 今年也广受欢迎 [3] - 相比之下，SPDR S&P 500 ETF (SPY) 在2025年遭遇了290亿美元的净流出，该ETF费用率为009%，因其流动性而广泛被机构投资者使用 [4] 行业趋势 - 固定收益ETF在2025年已吸引了超过3000亿美元的新资金，因投资者转向ETF以进入债券市场 [4] - ETF允许投资者根据美联储政策变化、通胀预期、经济预测或流动性需求来微调其固定收益配置 [2]