SSgA To Unveil Floating-Rate ETF

State Street Global Advisors(SSgA) is seeking to roll out a floating rate exchange-traded fund (ETF),Index Universereports. The firm has filed with theSecurities and Exchange Commissionfor the same.

TheSPDR Barclays Capital Investment Grade Floating Rate ETFwill be designed around a benchmark that tracks an index of U.S.-dollar-denominated, investment-grade floating rate notes.SSgA Funds Managementis adviser to the new fund, addsETF Daily News.

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