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HPS / HPS: Good Income Fund, But Premium Valuation A Turn-Off
John Hancock Preferred Income Fund III offers a high level of current income with a 9.60% yield, attracting income-focused investors. The fund's performance has been negatively impacted by rising interest rates, but overall performance has been respectable over the long term. HPS is heavily invested in the banking sector, which may concern risk-averse investors, but it is common for preferred stock funds.
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Posted: Aug 25 2023, 00:59
Author Name: Seeking Alpha
Views: 073061
HPS News
By Seeking Alpha
August 25, 2023
HPS: Good Income Fund, But Premium Valuation A Turn-Off
John Hancock Preferred Income Fund III offers a high level of current income with a 9.60% yield, attracting income-focused investors. The fund's perfo more_horizontal
By Seeking Alpha
April 28, 2023