Investors worried about interest rate risk should consider the recently-launched WisdomTree Bloomberg Floating Rate Treasury ETF, says Luciano Siracusano, Chief Investment Strategist at WisdomTree. The difference between this fund and other floating rate funds is that this one holds only Treasuries so it lacks the credit risk associated with corporate bonds or bank loans. This short duration fund is geared toward what the Federal Reserve will do in the coming months, says Siracusano, so if you think the Fed will be successful in moving rates higher, this is a smart fund to own.

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