(Bloomberg) -- A new investment-grade bond exchange- traded fund from ProShare Advisors LLC is embedding interest- rate protection to accommodate investors who expect rates to rise as the Federal Reserve curbs its unprecedented stimulus.

U.S. government bond futures will be used to hedge against rising interest rates in the ProShares Investment Grade-Interest Rate HedgedETF, which will aim for zero duration, Bethesda, Maryland-based ProShares said in a statement distributed by Business Wire today. TheETF will trade under the ticker IGHG. ETFs, which are listed on exchanges and are bought and sold like stocks, typically allow individual investors to speculate on securities without directly owning them.

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