Along with high yield bonds and convertible securities, preferred securities are a third segment of the hybrid bond market. Matt Freund, CFA, Co-CIO, Head of Fixed Income Strategies and Senior Co-Portfolio Manager, points out the how companies have used preferred securities to support the senior portion of their capital structure.Transcript
Video recorded 10/17/19.
Opinions, estimates, forecasts, and statements of financial market trends that are based on current market conditions constitute our judgment and are subject to change without notice. The views and strategies described may not be suitable for all investors. References to specific securities, asset classes and financial markets are for illustrative purposes only and are not intended to be, and should not be interpreted as, recommendations.
Fixed income securities entail interest rate risk. High yield securities are also subject to increased credit risk and liquidity risk.
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