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Fidelity Floating Rate High Income Message Board

  • pupu0495 pupu0495 Dec 5, 2012 9:52 PM Flag

    you guys are laughable. why touch bank loan mutual fund amid global interest rate downtrend?

    you guys are laughable. why touch bank loan mutual fund amid global interest rate downtrend? oh, you guys predict higher interest rate environment? what a laugh. why not wait til that happen? when that trend starts, you still have plenty time to go into bank loan. what a whole bunch of noobs... stop complaint already...

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    • Spreads on loans are wider than historical averages. Loans are one of the few fixed income investments trading at discount. Loans rank higher in capital structure and in event of default generally have a highe rate of recovery. These are some reasons to consider bank loan funds regardless of where interest rates are or are headed.

    • amid global interest rate downtrend. the fund manager done a pretty good job delivery yield better than current 30yrs yield. you should be grateful...

      • 1 Reply to pupu0495
      • The 30yr is NOT an comparable benchmark & a "Good Job" for .70 bps isn't anything to cheer over, especially when underperforming the LL-Benchmark & having a yield thats NOT "High" per se, as compared to BKLN, SNLN, or High Yield funds, with similar rated debt instruments paying 200+ bps or more. The investment philosphy needs to adapt to the market & be maleable. Favoring a Cap size company, cash horde or credit quality can have benchmark swinging ramifications.

        This fund theoretically should thrive in a rising rate environment, but until then & especially after '08s feeble performance, I'm ambivalent....

 
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