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Global X ETFs announces launch of Global X 1-3 Month T-Bill UCITS ETF: CLIP LN


Global X ETFs has announced the launch on London Stock Exchange and Deutsche Börse Xetra of the Global X 1-3 Month T-Bill UCITS ETF (CLIP LN), an interest-bearing alternative to cash which invests in a basket of US Treasury bills with maturities of between one and three months. 

Treasury bills are now offering over 5 per cent annualised yield in an inverted yield curve environment, and investors are bracing for the possibility of higher rates for longer. Many are seeking tax-efficient, fixed income-based solutions to help them take advantage of these elevated rates as they continue to monitor central banks and equity markets for next moves. By investing in short-term US Treasury bills, CLIP LN offers an interest-bearing alternative to cash, with potentially lower credit and interest rate risk relative to other fixed income options.

“In a higher-for-longer environment, short-term treasuries look well positioned to tackle market uncertainties as a compelling cash alternative,” says Rob Oliver, Head of Business Development for Global X ETFs in Europe. “By offering this fund to European investors, Global X is reaffirming our commitment to the region and to our growing suite of innovative income-generating products.”

The Global X 1-3 Month T-Bill UCITS ETF (CLIP LN) seeks to provide investment results that correspond generally to the price of the Solactive one to three month US T-Bill Index. The fund carries an expense ratio of 0.07 per cent.

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