Are bank loans the new junk?
Throughout 2012, capital has surged into junk exchange-traded funds (ETFs) as investors continued their hunt for yield in a high-volatility, low-return investing world. But as the post-election fiscal cliff looms south of the border, a major new trend is emerging: bank loans. Designed to track floating-rate senior loans, bank loan ETFs are drawing investors in record numbers as the gap between yields on bonds and loans continues to tumble.
- November 19, 2012 September 13, 2019
- 10:37