I am looking to replace most of my IB (GIBLX) and some of my MU (PTIAX) monies (I'm holding onto PONDX) with a bank loan or something that is going to do a better in, what appears to now be, a rising interest rate environment.
There's a lot of positive discussion about SAMBX (Ridgeworth Floating rate) but not much on Lord Abbett Floating Rate (LFRAX.LW). I've been doing some research and came across this OEF, among a few others.
LFRAX metrics are superior to SAMBX, and its returns are equally as solid.
Any thoughts on LFRAW (LW at FIDO) vs. SAMBX or any other BL funds??
Am I premature (or too late) thinking about this move. I just don't see GIBLX or PTIAX doing very well as interest rates rise. Am I misguided, panicking, wrong????