For advisors looking to maintain current yield while protecting against rising rates, floating rate funds can be a valuable addition to clients' portfolios. Advisors should be mindful of the credit risk of these products and not view them as a substitute for money market funds.
Floating Rate Funds Provide Hedge Against Rising Rates
February 22, 2013
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Things that float can sink, taking everything with them. These funds are not for the faint of heart and are not suitable for most investors.