BlackRock’s iShares exchange-traded fund division has launched the iShares Floating Rate Note Fund (ticker: FLOT), its first floating rate fund.

“The value of floating rate bonds fluctuates much less in response to market interest rate movements than the value of fixed rate bonds,” said Russ Koesterich, chief investment strategist at BlackRock. “They can be a key instrument to help fixed income investors insulate their portfolio in a rising inflation environment.”

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