Why Bank Loan ETFs are Booming
April 24, 2013 at 11:30 AM EDT
Investors have pumped nearly $2 billion into the largest ETF for bank loans as they hunt for high-yield options that provide some shelter from higher interest rates. PowerShares Senior Loan Portfolio (NYSEArca: BKLN) has surged to $3.4 billion in assets and is currently paying a distribution yield...