A busy week of ETF launches brings us a definite trend towards active ETFs and bond ETFs.
It’s all about the yield with 21Shares managing to create an ETP that combines collateralised dollar-denominated yield at the rate of 4-5 per cent, by taking in US dollars and lending them to counterparties against a minimum of 110 per cent collateral in BTC and ETH marked-to-market daily.
A slightly more traditional ETF comes from PGIM Investments this week with the launch of the PGIM Floating Rate Income ETF (NYSE Arca: PFRL).
The new ETF, which seeks to maximise current income by investing primarily in senior floating rate loans, is managed by PGIM Fixed Income, which had USD38 billion in floating rate loan assets under management as of March 31, 2022.
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