Seeking Alpha

WisdomTree will launch the first floating rate treasury ETF on Tuesday

  • During the WisdomTree (WETF) Management call earlier today it was revealed that the WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) will begin trading on Tuesday, February 4th.
  • It is set to track the Federal Floating Rate Notes, the first new security the Treasury has introduced since the launch of TIPS 20 years ago.
  • Luciano Siracusano, Chief Investment Strategist at WisdomTree, stated on the call: "we think that's going to have a great appeal across channels for investors who want to invest in treasuries but also get a floating rate that will reset as interest rates rise."
  • As this is the first ETF to track the new security, there are currently no similar funds to compare USFR to.
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