PARSIPPANY, N.J., September 13, 2016 /PRNewswire/ — SmartTrust® UITs has rolled out a new strategy, the Preferreds Plus Trust. This latest strategy is focused on investing primarily in preferred securities.
The Preferreds Plus Trust seeks to provide investors with current income and the possibility of capital appreciation. “This strategy can help advisors who are looking for additional income-oriented solutions in this challenging yield environment,” said Kevin Mahn, Chief Investment Officer of SmartTrust®.
Preferred securities are selected largely by utilizing specialized selection criteria, and ETFs are selected following a laddered, target-maturity, fixed income focus. The allocation percentage to these ETFs at the time of their original selection is determined based on the outlook for preferred securities in general, over the life of each series of the Trust.
“The Preferreds Plus Trust is just another example of SmartTrust® bringing a product to market when the strategy has value in the market and demand from the marketplace,” added Mr. Mahn.
The new strategy brings the total number of SmartTrust® UIT strategies currently available for purchase in the primary market to 24.
SmartTrust® UITs, sponsored by Hennion & Walsh, offer diversified income and total return opportunities through innovative investment strategies. Assets grew by 28 percent in 2015 while the number of Trusts outstanding grew by 24 percent over the same period. For more information about Hennion & Walsh’s SmartTrust® UIT products, please contact the firm’s Internal Support Desk at 888-505-2872, or visit www.smarttrustuit.com. Hennion & Walsh is a member of FINRA and SIPC. Additional information on Hennion & Walsh is available at www.hennionandwalsh.com.