Fixed income investors searching for yield in a low rate environment can find it with floating rate loans, according to Craig Russ, a portfolio manager with Eaton Vance. Floating rate loans are made to medium and large U.S. corporations to fund merger and acquisition activity. Russ says yields on the asset class are currently between 4.5 and 5.5 percent, and the yields will increase in a rising rate environment.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
