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Feb. 15, 2013, 12:24 PMInflows into leveraged loan funds hit another record last week, according to BAML, $1.5B vs. $1.3B the previous week. This paper - often created in the process of LBOs - is higher up in the capital structure than other debt and typically variable-rate. An ETF: BKLN. Closed-end funds: PHD, [JFR, EFR, EFT, JRO. | Comment!
JRO vs. ETF Alternatives
The Fund seeks a high level of current income. It will invest at least 80% of its Managed Assets in adjustable rate loans, primarily secured senior loans, but also unsecured senior loans and secured and unsecured subordinated loans. It will invest at least
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