These funds can play a role in a portfolio, but investors need to be aware of their risks.
This article represents opinions of the author and not those of his firm and are subject to change from time to time and do not constitute a recommendation to purchase and sale any security nor to engage in any particular investment strategy. The information contained here has been obtained from ...
At midyear 2014, taxable-bond CEF categories like bank loan and high yield--which had strong runs last year--have had muted success, while preferred stock leads the pack.
We look at the best bank-loan funds among ETFs, closed-end funds, and mutual funds.
Right now, bank loans look more attractive than high-yield bonds.
I am not in any way affiliated with any of the funds and/or fund companies I write about
Investors should not ignore floating-rate funds despite the current low-interest-rate environment.
A sound, repeatable process executed by an experienced team drove us to upgrade our rating on this closed-end fund.