Question
What is a floating rate fund?
Interesting Question? 
(2) 
(6)
(2) (6)
Answers (1)
15th Dec 2009 by David Becker
Floating-rate funds, also known as bank loan funds, deal with corporate debt below investment grade. The difference is that these bonds are originated by banks rather than the companies themselves. For example, a floating rate fund would purchase a bank loan to a corporation.
Floating-rate funds, also known as bank loan funds, deal with corporate debt below investment grade. The difference is that these bonds are originated by banks rather than the companies themselves. For example, a floating rate fund would purchase a bank loan to a corporation.
Like This Answer? (0) (0)
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com
(0) (0)
1st Dec 2009 In Investing
1 Answers | 50 Views
Subjects: floating rate fund,