The “new normal” is characterized by economic uncertainty. Because of low interest rates, filling out a fixed income allocation in a balanced portfolio requires some creativity, according to Darryl Brown, director of portfolio strategies for Spring Financial Planning.
Within the fixed income allocation, Darryl recommends preferred share ETFs such as the Horizons Active Preferred Share ETF (HPR-https://horizonsetfs.com/ETF/HPR), where about two-thirds of HPR’s holdings are fixed-floating, paying a fixed dividend for an initial period.