Invesco has expanded its US Treasuries range with the launch of a short dated bond ETF, ETF Stream can reveal.

The Invesco US Treasury Bond 0-1 Year UCITS ETF (TRIS) is listed on the London Stock Exchange with a total expense ratio (TER) of 0.06%.

TRIS tracks the Bloomberg Barclays US Treasury Coupons index which offers investors exposure to US Treasury bonds with a maximum maturity of 1 year.

TRIS is an extension of the firm's four-strong US Treasury ETF range, which launched in January 2019.

Paul Syms (pictured), head of EMEA ETF fixed income product management at Invesco, said the reason for the launch was increased demand for shorter duration amid lower rate rise expectations.

"This is a pure-play product on the front end of the US Treasury yield curve for investors who want to manage interest rate risk," Syms continued. "TRIS is a good diversifier for investors who feel markets have become stretched."

The firm has also launched a sterling-hedged version (TIGB) which has a TER of 0.10%.

Since the launch of the range last January, the four ETFs have gathered $2.3bn assets highlighting the demand for the fixed income ETFs last year amid dampening rate increase expectations, fears of a recession and escalating trade tensions between the US and China.