Wells Fargo modifies Hybrid and Preferred Securities Financial index

By Susanna Moon

Chicago, Jan. 31 - Wells Fargo Securities said its strategic indexing group will modify the methodology of its Wells Fargo Hybrid and Preferred Securities Financial Index on March 31.

The index will now include securities with fixed- to floating-rate dividends or coupons and securities listed on the Nasdaq, according to a company press.

The change accommodates the evolving characteristics of the hybrid and preferred securities market, the company said.

Questions should be directed to Dan Forth, head of strategic indexing for Wells Fargo Securities, at 704 383-4097.

Wells Fargo is a financial services company based in San Francisco.

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