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First Floating Rate Treasury ETFs Debut; iShares Adds Currency-Hedged Funds

By: ETFdb
U.S. equities struggled to find a definitive direction this week, though a better-than-expected jobless claims report managed to boost stocks during Thursday’s session. ETF issuers, however, kicked off the month of February with a bang, bringing to market a slew of new products. iShares added five new funds to its impressive lineup, including three new currency-hedged funds and a muni bond ETF. iShares and WisdomTree both debuted floating rate Treasury bond ETFs, the only fund targeting the new security [see How to Beat the S&P 500 with Style ETFs]. This year, for the first time in its history, the U.S. Treasury rolled out floating rate notes (FRNs), marking the first new class of issuance by the Treasury since it issued TIPS in 1997. On January 29, 2014, the U.S. Treasury completed its first floating rate auction, and now two issuers have debuted the first ever ETFs to offer exposure to the new notes: Bloomberg Floating [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
U.S. equities struggled to find a definitive direction this week, though a better-than-expected jobless claims report managed to boost stocks during Thursday’s session. ETF issuers, however, kicked off the month of February with a bang, bringing to market a slew of new products. iShares added five new funds to its impressive lineup, including three new currency-hedged funds and a muni bond ETF. iShares and WisdomTree both debuted floating rate Treasury bond ETFs, the only fund targeting the new security [see How to Beat the S&P 500 with Style ETFs]. This year, for the first time in its history, the U.S. Treasury rolled out floating rate notes (FRNs), marking the first new class of issuance by the Treasury since it issued TIPS in 1997. On January 29, 2014, the U.S. Treasury completed its first floating rate auction, and now two issuers have debuted the first ever ETFs to offer exposure to the new notes: Bloomberg Floating [...]

Click here to read the original article on ETFdb.com.

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