One of F/m Investments advisory brands, the US Benchmark Series, has announced the launch of new treasury ETF, the US Treasury 12 Month Bill ETF (OBIL). OBIL will join the US Benchmarks Series’ suite of three US treasury funds that have accrued over $300 million in assets under management so far. OBIL looks to offer investors a simplified method of entering the US treasury market by holding some of the most current securities within its benchmark. A quote from F/m’s President states, “Given the shape of the yield curve today, we are responding to investor demand in launching the highest yielding tenor, the 12 month, with the intentions to prudently launch the other points on the curve.”
ETF Newz Says:
OBIL began trading a $50 per share as way to offer fractions of bond sizing.