JPMorgan ETFs (Ireland) ICAV – GBP Ultra-Short Income Ucits ETF (JGST). Potential cash alternative invests ‘primarily in investment grade, pound sterling-denominated, short-term fixed, variable and floating-rate debt securities. Actively manages credit and duration exposure and targets a duration of one year or less. Selects individual securities after performing a risk/reward analysis that includes an evaluation of their characteristics including income, interest rate risk, credit risk, ESG profile and legal and technical structure.’
I have recently become interested and invested in some unmanaged floating rate bonds. This fund piques my interest too.
Cheap for an actively managed fund too.