WisdomTree launches US floating rate treasury ETF

clock • 1 min read

WisdomTree has launched USD Floating Rate Treasury Bond Ucits ETF (USFR) on London Stock Exchange. USFR seeks to provide exposure to floating rate notes issued by United States (US) treasury. The US treasury began offering Floating Rate Notes (FRNs) in 2014 and now, for the first time in Europe, investors can access these notes via an ETF. US Treasury FRNs make payments to bondholders each quarter with the coupon amount linked to movements in short term interest rates. As investors look for ways to reduce the overall interest rate risk exposure within their fixed income portfolios,...

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