Forget what your Mom told you. You can float through life. That’s the message the markets have been sending investors over the past 18 months. Thanks to some recently introduced exchange-traded products, you can make either side of your portfolio—equity or debt—float. So to speak. Perhaps some definitions are in order because the word “float” means something different to stock investors than it does to bondholders. On the equity side, float refers to the ...

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