FYI: ( If link doesn't work, Google article title,)
While rising interest rates have hurt the US bond market this year, so-called “leveraged loans” made to more indebted, less creditworthy borrowers are mostly tied to the three-month Libor interest rate, and have handed investors a 3.2 per cent return in 2018. Given the outlook for further rate increases, investors are pumping billions of dollars into the US loan market, doubling its size since 2010 to $1tn — making it nearly as big as the junk bond market.
Regards,
Ted
https://www.ft.com/content/ffeda26e-a70b-11e8-926a-7342fe5e173fM* Bank Loan Fund Returns:
http://news.morningstar.com/fund-category-returns/bank-loan/$FOCA$BL.aspx
