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An apparent response to Powershares BKLN on senior loans...the difference this is actively managed. I'm very tempted to initiate here... The thesis of these funds is the low correlation to equities, bonds due to minimal sensitivity to interest rate fluctuation. The fund is new(opened 4/29/11). Would like to know if Pimco's PAUDX & PASDX will hold it....
Last year ,Pinco changed the mandate of sr loan cef's PFN,PFL to invest into other FI types too.They said that the supply was dwindling and that other FI were attractive. I think that this OEF is to gather some AUM as many are demanding such products.
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