Floating rate loan funds are all the rage due to worries about rising rates, and William Lemberg, portfolio manager for the Dreyfus Floating Rate Income Fund, says he is finding better yield for the credit risk in Europe. Lemberg is also finding excellent credits domestically in the healthcare sector as a result of Obamacare increasing volume in hospitals. Finally, he sees rates rising on the short end of the curve in 2015 and at that time floating rate instruments will see a step up in yield.
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