ETF of the Week: iShares Floating Rate Bond ETF (FLOT)

ETF Trends publisher Tom Lydon discussed the iShares Floating Rate Bond ETF (FLOT) on this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show.

FLOT seeks to track the investment results of an index composed of U.S. dollar-denominated, investment-grade floating rate bonds with remaining maturities between one month and five years. The ETF seeks investment results that correspond generally to the price and yield performance of the Bloomberg Barclays US Floating Rate Note Less Than 5 Years Index.