September 21, 2011 at 07:00 AM EDT
State Street Plans Floating Rate Bond ETF
State Street has laid the groundwork for another addition to its lineup of fixed income ETFs, filing details with the SEC for a proposed product that looks to give investors another way to tap into an increasingly popular corner of the U.S. bond market. In the recent regulatory filing, the company detailed plans for the SPDR Barclays Capital Investment Grade Floating Rate ETF, which would seek to replicate the Barclays Capital U.S. Floating Rate Note < 5 Years Index. This ETF will track the price and yield performance of the market for U.S. dollar-denominated, investment grade, floating rate notes with maturities ranging from one month to no more than five years. The fund will invest primarily in variable and floating rate securities, although it may also hold a portion of its assets in U.S. Treasuries. Additionally, the proposed offering may invest up to 20% of its assets in derivatives, including [...] Click here to read the original article on ETFdb.com. Related Posts: iShares Launches Floating Bond ETF (FLOT) Using ETFs To Build A Complete Bond Portfolio Inflation ETF Special: 25 ETF Ideas To Fight Rising Prices Van Eck Launches Floating Rate Debt ETF (FLTR) June ETF Roundup: Launches, Filings, and Closures
State Street has laid the groundwork for another addition to its lineup of fixed income ETFs, filing details with the SEC for a proposed product that looks to give investors another way to tap into an increasingly popular corner of the U.S. bond market. In the recent regulatory filing, the company detailed plans for the SPDR Barclays Capital Investment Grade Floating Rate ETF, which would seek to replicate the Barclays Capital U.S. Floating Rate Note < 5 Years Index. This ETF will track the price and yield performance of the market for U.S. dollar-denominated, investment grade, floating rate notes with maturities ranging from one month to no more than five years. The fund will invest primarily in variable and floating rate securities, although it may also hold a portion of its assets in U.S. Treasuries. Additionally, the proposed offering may invest up to 20% of its assets in derivatives, including [...]

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

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