PFFR: A Good Tactical Risk-On Option At Its Current Price

I'm generally leaning towards risk-off exposure in fixed income and preferred shares at the moment, given the tight spread environment and prolonged momentum in risk-on assets. That being said, I believe solid tactical opportunities exist in the risk-onPearl Gray is a proprietary investment fund and independent market research firm. We primarily focus on Fixed-Income and Capital Flows. However, our Seeking Alpha readers can expect a cross-asset blend, extending to analysis of equity REITs (including Preferr ...