Even With Fed Considering Lower Rates, Floating Rate ETFs Are Useful
July 23, 2019 at 12:37 PM EDT
Floating rate notes (FRNs) and the related exchange traded funds received plenty of attention last year as the Federal Reserve hiked interest rates four times, but the asset class is still useful even with the Fed mulling a rate cut or two this year. Floating rate notes, like the name suggests,...