Roberts Nash Advisory Group

Preferred Shares - A Look Ahead to 2018

Preferred shares do not trade in an efficient market making passive ETFs in our opinion a less than optimal selection. Long term, actively managed has outperformed in this market. As we expect rates to slowly rise, we prefer for the moment ETFs with lower fixed-rate exposure.” – NBF Research Report

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** I have prepared this commentary to give you my thoughts on various investment alternatives and considerations which may be relevant to your portfolio. This commentary reflects my opinions alone, and may not reflect the views of National Bank Financial Group. In expressing these opinions, I bring my best judgment and professional experience from the perspective of someone who surveys a broad range of investments. Therefore, this report should be viewed as a reflection of my informed opinions rather than analyses produced by the Research Department of National Bank Financial **

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