iShares Floating Rate Bond ETF
The US Federal Reserve Bank changes the Federal Funds Rate (the rate at which banks borrow from others banks) as a way to manage inflation. When the Fed raises interest rates, it costs everyone more to borrow money. Generally, this means bonds that were issued in the past lose value. Why? Well, newly issued bonds will now pay more because of higher interest rates. This fund protects against rising interest rates by investing in floating rate bonds, which automatically adjust value to track the Federal Funds Rate.
On Stash, you can buy Rate Hike Refuge stock and invest in other companies you know for as little as $5
Disclaimer: Any investment you’ve selected here, which may be available to Stash customers on the Stash platform, is intended to be used for informational purposes only, should not be relied upon as the sole basis for making any investment decision, and is not intended to be a recommendation or advice by Stash that is based on your investment time horizon and/or risk tolerance. Investors who become Stash customers are offered investment advice and recommendations through various digital features such as Stash Coach based on what they tell us about their time horizon and risk tolerance.
PERCENTAGE OF ETF
blk csh fnd treasury sl agency, 2.49
treasury floating rate note, 2.47, 10/31/2020
morgan stanley, 3.94, 01/20/2022
international finance corporation mtn, 2.68, 12/15/2022
goldman sachs group inc, 3.4, 02/23/2023
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Simple subscription pricing1
For just $1 a month, you'll get a personal investment account with unlimited trades, education, and fractional investing for as little as $5. (And balances $5k and over only cost 0.25% a year).
1Clients may incur ancillary fees charged by Stash and/or it’s custodian that are not included in the monthly Wrap-Fee.
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