According to a press release, S&P is commencing the publication of an index “designed to serve the investment community’s need for an investable benchmark representing the approximately $200 billion U.S. preferred stock market. The S&P U.S. Preferred Stock Index includes preferred stocks issued by U.S. entities that meet criteria relating to minimum size, liquidity, exchange listing, and time-to-maturity. The index currently has 44 constituents, and an indicated yield of 6.48%.”
Well! It’s nice to have competition, although their index is US only! There is more information via http://www.preferredstock.standardandpoors.com/
