09:08 ET AAM Low Duration Preferred & Income Securities ETF Eclipses $500 Million AUM Milestone

Advisors Asset Management (AAM) announced that its AAM Low Duration Preferred & Income Securities ETF (NYSE: PFLD) has surpassed $500 million in assets under management (AUM). This ETF, launched in 2019, targets low duration preferred securities, providing higher yields and diversification for income-focused investors. AAM's Managing Director, Lance McGray, highlighted the ETF's unique positioning amid interest rate concerns, emphasizing its potential for high tax-efficient income with minimal interest rate risk. AAM remains committed to innovating in the ETF space to meet investor demand.