Floater ETF Hauls in Over $2 Billion on Rising-Rate Fears
September 06, 2013 at 11:11 AM EDT
An ETF that tracks floating-rate notes has become a popular option for bond investors seeking to protect themselves against the damaging impact of higher interest rates. The iShares Floating Rate Bond ETF (NYSEArca: FLOT) has brought in fresh assets of nearly $2.4 billion so far this year,...