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iShares announces launch of ‘Floating Rate Note Fund’

BlackRock has announced that its iShares business has launched their first floating rate note fund on the NYSE Arca. The new fund is called the iShares Floating Rate Note Fund (FLOT). FLOT is benchmarked to the Barclays Capital US Floating Rate Note 5 Years Index. The market cap weighted index measures the performance of U.S. dollar denominated, investment-grade, floating rate…

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