PDF A primer on floating-rate bond funds - Vanguard

tendency of floating-rate fund returns to move in the opposite direction of credit spreads. Such a relationship does not hold for money market or short-term bond funds.5 Therefore, investors should be careful to note the widely dissimilar risk-and-return drivers of floating-rate funds and other short-duration fixed income alternatives. ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download