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WisdomTree, State Street Draft Floating-Rate Treasury ETFs

ALPS proposes a workplace-equality ETF that would hold companies with LGBT-friendly policies for employees. Also, Global X launches a Portugal ETF, ProShares debuts a hedged interest-rate ETF holding investment-grade corporates, and more.

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Recently, two exchange-traded fund providers submitted paperwork with United States regulators seeking permission to create passively managed ETFs that would track the performance of the U.S. Treasury's floating-rate public obligations.

In January 2014, the U.S. Treasury Department is set to roll out floating-rate securities, which will be its first new product since introducing Treasury Inflation-Protected Securities in 1997. The issuance is aimed at expanding the department's investor base, financing the government at the lowest possible cost over time, meeting continued investor demand for government debt, and dealing with a significant amount of government bonds that are maturing.

Robert Goldsborough does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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