Global X ETFs debuts short-term T-Bill ETF

Global X ETFs has launched the Global X 1-3 Month T-Bill Ucits ETF (CLIP LN) on the London Stock Exchange and Deutsche Börse Xetra.

This fund is an interest-bearing option that invests in a basket of US Treasury bills with maturities between one and three months.

It is the latest addition to Global X’s suite of income products offered to European investors.

With Treasury bills currently offering over 5% annualised yield in an inverted yield curve environment, investors facing the prospect of higher rates for a prolonged period are seeking tax-efficient, fixed-income-based solutions.

The CLIP LN aims to provide an alternative to cash that bears interest while potentially offering lower credit and interest rate risk compared to other fixed-income options.

The Global X 1-3 Month T-Bill Ucits ETF seeks to deliver investment results that generally correspond to the price and yield performance of the Solactive 1-3 month US T-Bill Index.

The fund carries an expense ratio of 0.07%.

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