Gastineau noted that unlike mutual funds, Treasury FITRS trade continuously throughout the day, allowing investors to buy and sell at any time.
Gastineau believes investors will use Treasury FITRS for several different applications.
Treasury FITRS may also be more cost effective for some investors.
Like most exchange-traded funds, FITRS shares are expected to trade at prices very close to their underlying value throughout the trading day thanks to a dual trading process.
FITRS are available for purchase and sale through any full-service, discount, or online brokerage account.
The indexes underlying Treasury FITRS were created by Ronald J.
An investment in Treasury FITRS may lose value and is not guaranteed or insured by the Federal Deposit Insurance Corporation, another government agency or any bank.
ETF Advisors, LP serves as advisor to the Treasury FITRS ETFs.