VanEck Vectors Australian Floating Rate ETF

VanEck has launched a new ETF on the ASX, the VanEck Vectors Australian Floating Rate ETF (ASX:FLOT).

The ETF, which is the only one of its kind in Australia, offers investors exposure to a diversified portfolio of Australian floating rate notes (FRNs) and tracks the Bloomberg AusBond Credit FRN 0+ Yr Index which includes around 200 Australian-issued FRNs from over 80 issuers.

Commenting on the launch, Arian Neiron, managing director of VanEck Australia, said: “We are delighted to offer our 14th ETF on ASX offering investors one trade access to a diversified portfolio of Australian Floating Rate Bonds. FLOT has been designed to be a potential solution for investors who are seeking a defensive source of income with a higher yield than cash investments in an easy-to-access and easily tradeable ETF."

VanEck VanEck Vectors Australian Floating Rate ETF Launched on 07 July 2017 Designed for wholesale and retail investors. Find out more Industry Moves does not hold an AFS Licence and neither recommends nor endorses this product/service.