AB (AllianceBernstein L.P.)
August 21, 2018
50 Years of Investment Management & Research

Buyer Beware: Bank Loans Are Not What They Seem

What You Need to Know

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.

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