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FLOT-U

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1d
1w
1m

Analysis and statistics

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About

FLOT-U.TO represents the Horizons USD Floating Rate Bond ETF, a Canadian-listed exchange-traded fund that invests primarily in U.S. dollar-denominated floating rate corporate bonds. These bonds typically have interest rates that adjust periodically based on a benchmark, offering investors potential protection against rising interest rates. The ETF aims to provide a consistent stream of income while managing interest rate risk, and the 'U' in the symbol denotes that it is denominated in U.S. dollars. As an ETF, it trades on the Toronto Stock Exchange, offering investors liquidity and diversification within the floating rate bond market.
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Factors

Underlying Assets: FLOT-U.TO tracks US floating rate notes. Changes in these notes' values directly impact the ETF's price.

Interest Rate Hikes: As floating rate notes' yields adjust to rising rates, the ETF's value typically increases, attracting investors and driving up the price.

Credit Risk: The creditworthiness of issuers impacts note values. Downgrades may decrease the ETF's value and price.

Supply and Demand: High demand increases the ETF's price, while high supply decreases it, reflecting investor sentiment and market conditions.

Market Liquidity: Low liquidity can cause price volatility, making it harder to buy or sell at desired prices, indirectly affecting value.

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