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iShares launches first international Preferred Stock Index Fund

iShares has launched the International Preferred Stock Index Fund on the NYSE Arca. The fund is the first ETF that offers access to local currency, preferred securities that are offered in developed markets outside the US. The new ETF joins its U.S. focused counterpart, the iShares S&P U.S. Preferred Stock Index Fund which has $7.2 Billion in assets under management….

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