New Bond ETF Safeguards Against Rising Rates
Posted on June 21, 2011 at 07:46 AM EDT
BlackRock’s exchange traded fund business, iShares, recently launched its first floating rate note ETF, supplementing its growing line of fixed-income ETFs with an investment vehicle for an environment of rising rates. The new iShares Floating Rate Note Fund (NYSEArca: FLOT) tries to reflect...