Floating Rate Debt (FRD) is getting an increasing amount of attention. Over the past year, several new products have been launched focusing on floating rate debt such as leveraged loans and so-called senior loans. All pay floating rates of...
Floating rate note (FRN) funds are gaining in popularity because of their marketed ‘promise’ to protect capital during periods of rising interest rates. In Canada since the mid-2000s, FRN funds invest mainly in corporate loans bearing...
A new regulatory initiative – i.e. Mutual Fund Point of Sale – was launched this year in an attempt to better inform investors about the investment funds in which they invest. The key feature of this Point of Sale initiative was to...