FLTR: High-Quality Floating Rate ETF, Competitive Dividends, Reduced Risk And Volatility
FLTR invests in floating rate treasury notes, with broadly similar characteristics to t-bills, but trading at a slight spread to these. Risk and volatility are both generally extremely low, dividend yields and returns competitive. Recent cuts are a significant, obvious negative, but fundamentals remain good.
Floaters May Be Fantastic Alternative to T-Bills
Floating rate notes, colloquially known as floaters, are viewed as a prime fixed income destination when Treasury yields are rising. This is because these bonds are less rate-sensitive by design.
FLTR: Monthly Pay While Providing Limited Credit Risk
The VanEck IG Floating Rate ETF offers exposure to investment-grade floating-rate debt, prioritizing stability and capital preservation over high yield. FLTR's yield is under pressure due to recent and expected Fed rate cuts, with the 30-day SEC yield dropping from 5.21% to 4.90%. The fund's portfolio is over 99% investment-grade, highly diversified, and features minimal interest rate sensitivity with a modified duration of 0.13 years.
FLTR: A Fair Floating Rate ETF, But Lagging Inflation
VanEck IG Floating Rate ETF offers a 5% yield from investment-grade floating rate loans. FLTR has 50% exposure in ex-US developed countries and is diversified in holdings, but very concentrated in financials. FLTR has outperformed its closest competitors over the last 9 years, but inflation has outpaced its total return since inception.
Flutter's wrapping up FanDuel backs up forecast valuation, say analysts
Flutter Entertainment PLC's (LSE:FLTR) acquisition of the final 5% it did not already own in FanDuel for US$1.8 billion does not undermine the bookmaker's valuation, according to analysts at Peel Hunt. The Betfair and Paddypower owner has secured full ownership of its US business by acquiring the stake from Boyd Gaming at a price that implies a valuation for FanDuel of US$31 billion.
Flutter takes full control of FanDuel in $1.76bn deal
Flutter Entertainment PLC (LSE:FLTR) has struck a deal to buy Boyd Gaming's remaining 5% stake in FanDuel for about $1.76 billion, giving it complete ownership of the US sports betting giant. The agreement values FanDuel at around $31 billion.
FLTR: High Quality Floating Rate Exposure
VanEck IG Floating Rate ETF is a fund focused on investment-grade floating rate notes; the latest drawdowns were minimal, helping to highlight its relatively lower volatility. FLTR could be a lower-risk alternative to FINS that we covered recently, avoiding leverage and the added volatility of CEF discount/premiums. FLTR's portfolio is highly diversified and tilted towards investment-grade financial sector holdings, helping to produce minimal losses but carries a reasonable yield.
Flutter Entertainment nudges 2% higher after making a strong start to 2025
Flutter Entertainment PLC (LSE:FLTR) shares rose 2% in early trading on Wednesday after the company issued confident guidance for 2025, projecting strong revenue and profit growth. The gambling giant, which owns FanDuel in the US, expects adjusted core profit to increase by 34% to $3.2bn this year, with revenue forecast to rise 13% to $15.9bn.
Flutter still best bet in the online gambling brigade, top bank suggests
Flutter Entertainment PLC (LSE:FLTR) has been rated the best of the online gambling groups by analysts at Deutsche Bank, who have also upped their price target by a quarter. Deutsche Bank adds it has been a year to remember for Flutter, which has been the best-performing share in the sector.
FLTR: Investment-Grade Floating Rate ETF, Good 6.1% Yield And Returns
FLTR is a simple investment-grade, floating rate note index ETF. It sports a good 6.1% yield and has outperformed these past few years. Fed cuts are an important headwind for the fund, but dividend yields should remain above-average for a year or two, risk-adjusted yields thereafter.
Flutter weighs in with another (modest) upgrade to full-year forecasts
Flutter Entertainment PLC (LSE:FLTR) has raised its full-year forecast for the second consecutive quarter, attributing this to stronger-than-anticipated revenue growth from outside the US for the upgrade. The Paddy Power and Betfair owner saw a 24% increase in core profits from its long-established brands in the UK, Europe, and Australia, reaching $392 million for the quarter.
Paddy Power-owner Flutter to show accelerating revenue growth, says Citi
Flutter Entertainment PLC (LSE:FLTR) is expected to post in-line results for the third quarter of 2024, according to Citi, with projected group revenue growth of 22%, slightly ahead of its 20% growth in the previous quarter. In the US, Citi forecasts an accelerated revenue growth of 45% year-over-year, attributed to favourable comparisons with weaker prior results.
