Investors can lock in yield in these unique assets as Fed likely lowers rates

Investors looking to lock in yields and maintain a steady stream of income may consider buying defined-maturity exchange-traded funds. The products have grown in popularity in recent years as the Federal Reserve raised interest rates, and experts believe they'll be a place investors will turn to as those rates move down — especially those who have had been holding a lot of cash . The market is currently pricing in about 88% odds of a rate cut at the Fed's meeting this week, according to the CME FedWatch tool . Defined-maturity funds provide diversity like traditional ETFs, yet unlike those standard vehicles they have maturities and liquidate like a bond. Investors simply choose an ETF that holds bonds that all mature in a specified year. "Instead of buying one bond at a time and only ownin