VanEck - Australian Floating Rate ETF
public_traded
VanEck - Australian Floating Rate ETF is publicly traded on ASX under ticker FLOT.AX.
Our floating rate bond ETF, FLOT invests in a diversified portfolio of Australian dollar denominated Floating Rate Bonds. This floating rate bond ETF aims to provide investment returns, before fees and other costs, that closely track the performance of the Index.Access to a diversified portfolio of FRNs which represent the Bloomberg AusBond Credit FRN 0+ Yr Index.FRNs pay coupons (interest) that vary with short-term interest rates. Interest rates are reset periodically resulting in reduced duration (interest rate) risk.For an elevated risk FRNs typically offer a higher yield.