For instance, the PowerShares Senior Loan Portfolio (NYSEArca: BKLN), a floating-rate, high-yield, senior loan ETF, was one of the most popular ETFs of 2013.
Other floating rate bond ETFs include the iShares Floating Rate Bond ETF (NYSEArca: FLOT), SPDR Barclays Investment Grade Floating Rate (NYSEArca: FLRN) and Market Vectors Investment Grade Floating Rate (NYSEArca: FLTR). All of these ETFs, though, track corporate sectors, mainly financials and industrials.
However, ETF providers are working on floating rate Treasury note ETFs. SSgA filed with the SEC to launch the SPDR Floating Rate Treasury ETF (FLTY) and WisdomTree filed to launch the WisdomTree Floating Rate Treasury Fund – WisdomTree did not provide a ticker symbol. Additionally, BlackRock’s iShares recently filed to launch the iShares Treasury Floating Rate Bond ETF (TFLO). [ETF Sponsors Engineer Floating-Rate Treasury Offerings]
For more information on the bond market, visit our bond ETFs category.