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What is a floating rate fund?

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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.

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1st Dec 2009 In Investing 1 Answers | 370 Views
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