Bullish momentum has cooled off a bit on Wall Street this week although the good news keep coming in. Investors were happy to see the latest home builders index release on Monday, although a slightly worse-than-expected existing home sales report on Wednesday managed to tip indexes lower. Vank Eck has laid down the groundwork for an intriguing equity fund that allows for investors to beef up their portfolio’s current return without taking on excessive risk [see also Five ETFs With Sky High Yields]. New York-based issuer Van Eck has filed with the SEC for a preferred stock ETF with a twist [see SEC Filing]: Market Vectors Preferred Securities ex-Financials ETF: The underlying index for this ETF will consist of convertible and nonconvertible U.S.-listed preferred stocks. The distinguishing feature of this fund is the fact that it avoids exposure to financial securities, potentially increasing the appeal for those who wish to avoid this often times volatile sector [see Financials Free ETFdb Portfolio]. [...] Click here to read the original article on ETFdb.com. Related Posts: iShares Launches International Preferred Stock ETF (IPFF) 2011: A Year Of ETF Firsts Dividend ETF Special: 25 Equity ETFs With Attractive Distribution Yields Global X Debuts First Canada Preferred Stock ETF (CNPF) Seven Surprisingly Large ETFs