Another warning on bank loan funds

"A sudden mass exit from the ETF would be a problem and we've capped our investment in it for that reason," says RiverFront's Rod Smyth of the PowerShares Senior Loan Portfolio (BKLN).

Not a crank on senior loans, Smyth's group was a seed investor in this particular ETF, but the size and illiquidity of the bank loan market combined with its recent popularity has turned him cautious.

Earlier: Bank loan funds'defense against interest rate risk may be overrated.


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