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After reading this article, I'm wondering if it is a good idea to have a dedicated bank loan fund as part of a bond portfolio. Currently, I own EAFAX (load waived) but starting to think it has nowhere to go but down. It's been stagnant for most of the year. I bought it for diversification of my bond portfolio and the 4% yield. I'm thinking I can get the yield somewhere else in a less credit-risky type fund.
Comments
That's obscene! Why would they let that happen?
I give up.