3 reasons we think preferreds are now attractive

 
Allie Quine

Allie Quine

Portfolio Specialist

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4 minute read

August 2022

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Broad fixed income markets have seen a substantial wave of repricing this year stemming from persistent inflation, interest rate volatility, and concerns around economic growth.

However, we believe there are three dynamics in the market right now that make preferreds attractive: Higher current income levels, healthy issuer fundamentals, and preferreds’ historical tendency to rebound following significant drawdowns.

ABOUT THE AUTHORS
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Allie QuineCFA, Vice President, is a member of Cohen & Steers’ Portfolio Specialist Group.

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