While rising interest rates boost returns of loan funds, increased demand for loans, together with limited supply, reduce the gains, according to Jeff Bakalar, managing director and head of senior loans at Voya IM.
Tag: Voya Financial
Libor phase-out not much of a concern
While Libor phase-out will pose some transitional uncertainty to segments of the bond market, most fixed-income fund managers and investors will be only marginally affected.
The case for senior loans
Lower volatility and less risk of default-related losses than high yield bonds make senior loans an attractive way to generate income, writes Jeff Bakalar, managing director and group head of the senior loan group at Voya Financial, in sponsored commentary.
