Variable-Rate Investments Can Buoy Your Portfolio
by Jeffrey R. Kosnett, Senior Editor, Kiplinger's Personal Finance
Jul 05, 2018
2 minutes
Variable-rate bank-loan funds, such as Fidelity Floating Rate High Income (symbol , yield 3.7%) and Eaton Vance Floating Rate (, 3.8%), have delivered positive returns while the broad bond market has been in a funk. I enthusiastically recommend them--at least for now. The category delivers 4% yields with less risk of price pressure from rising rates (yields and prices move
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