Nuveen Investments of Chicago plans to introduce the first exchange-traded funds to track U.S. Treasury indexes, according to the company. The five new funds, called Fixed Income Trust Receipts, will be based on indexes of one, two, five and 10-year treasury issues and 20-year STRIPs - separately-traded registered interest and principal securities, Nuveen said.

The fixed income trust receipts are the first treasury exchange-traded funds created in the U.S. and will trade on the American Stock Exchange once regulatory approval is obtained, according to Nuveen. Nuveen registered the funds with the Securities and Exchange Commission on Dec. 28, said Laurel O'Brien, a spokesperson for Nuveen.

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