Preferred Stocks are 2010's Best Equity Play!
NOVATO, Calif., July 16 /PRNewswire/ -- Preferred stocks are a bright spot in an otherwise very volatile investment climate. With most of the global stock markets deep in the red, preferreds are proving to be one of the best performing investments so far this year.
Winans International Preferred Stock Index |
|||||
$Chg |
$Chg |
Current |
|||
Price |
YTD |
12-Month |
Yield |
||
20.76 |
7.7% |
16.8% |
7.21% |
||
Dow Jones Corporate Bond Average |
|||||
$Chg |
$Chg |
Current |
|||
Price |
YTD |
12-Month |
Yield |
||
111.4 |
2.0 % |
8.9% |
3.86% |
||
As the table shows, the Winans International Preferred Stock Index is significantly outperforming corporate bonds in 2010 and still presenting investors with reasonable yields.
"At Winans International, our income portfolios are posting profitable returns this year and we are continuing to reallocate more towards preferred stocks within our investment holdings," says Ken Winans the firm's President and author of the award-winning book "Preferreds."
Looking beyond 2010, history is on the side of preferred stocks investors. Since 1900, preferred stocks advance 76% of the time and have historically outperformed corporate bonds with average annual returns of 7.4% versus 6.7%.
The Winans International Preferred Stock Index (WIPSI) measures U.S. preferred stock prices and yields from 1900 to present day. More information on the Winans International Preferred Stock Index (WIPSI) can be found at: www.winansintl.com & www.preferredsthebook.com. Data can be purchased from www.globalfinancialdata.com.
SOURCE Winans International
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