Insights by Jerry Dorost, CFA

Understanding quality, ratings and long-term compensation of preferred securities

Understanding quality, ratings and long-term compensation of preferred securities

March 2024 | 38 mins

Preferreds provide attractive income and total returns from high-quality securities; despite added risks, default rates can be lower than credit ratings suggest.

Yields, regulations reinforce a positive preferred securities outlook

Yields, regulations reinforce a positive preferred securities outlook

November 2023 | 23 mins

We see scope for good relative performance, given appealing valuations and structures that can benefit from high interest rates. Solid issuer fundamentals today and tighter bank regulations to come may provide a credit tailwind.