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quỹ Fidelity Floating Rate High Income Message Board

  • snoit123 snoit123 Feb 1, 2008 7:43 PM Flag

    ARE SAMBX & EABFX run by idiots too?

    ..........Shorter term interest rates have plunged so float rates will be adjusted down - the piece of paper that was paying 6% is going to adjust to 4% as an example and that hurts the price. Also, supposedly a lot of float rate paper was sold last year because some institutions needed cash and couldn't sell their junky mortgage paper because no one would pay much for it. All I expected from this fund was to beat the money market by a small amount but it has been falling in price too fast - should have stayed in the MM.

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