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Preferred securities as measured by the S&P U.S. Preferred Stock Index have returned 12.08% year-to-date. The performance of this index has outpaced both the S&P U.S. Issued Investment Grade Corporate Bond Index (6.49%YTD) and the S&P U.S. Issued High Yield Corporate Bond Index (5.5% YTD). The recent development of three new sub-indices to the S&P…
