New ETFs On The Block: Market Vectors Preferred Securities Ex-Financials ETF (PFXF)

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Market Vectors, the ETF issuer from investment firm Van Eck, launched its first product in the increasingly popular preferred stock segment with a unique twist; the product excludes financial companies. The Van Eck Market Vectors Preferred Securities ex-Financials ETF (PFXF) is the first product in the segment that excludes financial companies such as banks, broker-dealers, investment advisers and futures commission …