Invesco launches trio of floating rate note ETFs

The Invesco USD Floating Rate Note UCITS ETF - EUR Hedged and the Invesco EUR Floating Rate Note UCITS ETF will have total expense ratios (TERs) of 0.12%, while the Invesco USD Floating Rate Note UCITS ETF has a TER of 0.10%. The ETFs will track the respective Bloomberg Barclays FRN indices but the security must have a minimum issuance of $500m (or €500m), have at least two and a half years maturity and securities will be removed two and a half years after issuance to ensure the ETFs are still actively traded. Invesco said floating rate notes typically perform better than a fixed coup...