Investors have rushed into bank loans, hoping that loans’ adjustable coupons will protect them against rising interest rates. But many are overlooking the low credit quality of today’s loans. With credit assets looking expensive and the US in the late states of the credit cycle, we think now is a bad time to bet big on bank loans.
Pour lire cet article, vous avez besoin d'un abonnement à Investment Officer. Si vous n'avez pas encore d'abonnement, cliquez sur 'Abonner' pour connaître les différentes formules d'abonnement.
