What does Invesco Variable Rate Preferred ETF do?
Invesco Variable Rate Preferred ETF (NYSE:VRP) focuses on offering investors exposure to variable rate preferred securities, aiming to provide a combination of income and interest rate protection. The ETF utilizes its expertise to navigate the complexities of preferred securities that have rates which adjust periodically, aiming to benefit from shifts in interest rates while striving to deliver consistent income to its investors. With a carefully curated portfolio, Invesco Variable Rate Preferred ETF seeks to meet the objectives of those looking for potential income generation and lower sensitivity to interest rate movements compared to fixed rate securities. The strategy is designed to appeal to income-focused investors who also wish to mitigate the impact of rising interest rates.