FLTR - FLTR: Higher For Longer And Reaching For Quality
2024-04-23 09:09:12 ET
Summary
- VanEck IG Floating Rate ETF offers exposure to investment-grade floating rate note investments.
- The ETF provides investors with protection from a higher for longer environment.
- FLTR provides investors with an attractive yield that is paid monthly.
Written by Nick Ackerman, co-produced by Stanford Chemist.
The VanEck IG Floating Rate ETF ( FLTR ) provides investors exposure to floating rate note investments, but those come with a high-quality investment grade rating. While we tend to focus on senior loan CEFs and ETFs that invest more in junk-rated loans, there is still a universe that exists that provides floating rates to investors with higher quality ratings. That's where FLTR can come in to provide this type of exposure....
FLTR: Higher For Longer And Reaching For Quality