Q: In reference to the email I sent last week, what are your thoughts on investing in PGX and PFF ETF’s for income. Have you had time to review them yet?
A: We use PGX for our client portfolios in an appropriate allocation based on each client’s risk tolerance and return expectations. We prefer PGX over PFF because of our firm’s preferences for credit, duration and type of preferreds. You need to do proper due diligence to understand the proper ETF to use and allocation to appropriate in your portfolio.