VanEck Australian Floating Rate ETF
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About FLOT
VanEck Australian Floating Rate ETF (FLOT, formerly VanEck Vectors Australian Floating Rate ETF) invests in a diversified portfolio of Australian dollar-denominated floating rate bonds to provide investment returns (before management costs) that closely track the returns of the Bloomberg Aus Bond Credit FRN 0+ Yr Index (BAFRN0).
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Sector
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CEO
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Industry
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Website
vaneck.com.au
$742M
19.22
4.85%
$24.95
$24.93
$24.95
$25.29
$24.80
Announcements
What is the VanEck Australian Floating Rate ETF (FLOT)?
Floating Rate Notes (FRNs) are a type of bond designed to move with interest rates. FRNs pay interest (known as “coupons”) that vary according to short-term interest rates, therefore providing reduced interest rate risk, known as “duration” risk.
FLOT ETF gives you a diversified portfolio of FRNs that are of investment grade quality. FLOT includes bonds issued by corporate entities such as the Big 4 Aussie banks, foreign banks, other lending institutions and Australian listed property trusts (A-REITs).
What are the benefits of the FLOT ETF?
Find the main benefits of the FLOT ETF here:
Concerns about rising rates have prompted many investors to consider moving out of longer-duration bonds.
Conservative investors often invest in short term bonds for exposure to investment grade credit.
For an elevated risk FRNs typically offer a higher yield relative to cash and term deposits.
Does FLOT pay dividends?
Yes, the FLOT ETF pays dividends monthly.
What are the risks of the VanEck Australia Floating Rate ETF?
An investment in the FLOT ETF carries risks associated with: bond markets generally, interest rate movements, issuer default, credit ratings, fund operations, liquidity and tracking an index.
Find out more about the VanEck Australian Floating Rate ETF.
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Open an accountFLOT FAQs
- Find the right investing platform for you. To buy FLOT shares in Australia, you’ll need to open an account with an investing platform that offers the security. Try Stake, you can sign up in minutes.
- Fund your brokerage account. Once you are set up you can deposit into your account with different payment methods.
- Search for FLOT or VanEck Australian Floating Rate ETF. Find the stock by using the search function and go to the FLOT page.
- Place an order to buy FLOT. Press the ‘Buy’ button and choose an order type to place your trade. Depending on the order type, the trade will go through straight away or when a price target is hit.
- Monitor your portfolio. You’ve now purchased some FLOT shares. Stay on top of your portfolio and monitor its performance. You may be eligible for dividends and shareholder voting rights that affect your stock.
This is not financial product advice nor a recommendation to invest in the securities listed. Past performance is not a reliable indicator of future performance. As always, do your own research and consider seeking financial, legal and taxation advice before investing. No representation is made as to the timeliness, reliability, accuracy or completeness of the market data provided.
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