Neuberger Berman fund launch offers rate rise hedge
Asset manager Neuberger Berman on Wednesday began marketing a $200m London-listed closed end fund that will play to fixed income investors’ fears of rising global interest rates. The fund will buy a portfolio of non-investment grade senior secured loans — giving investors access to a floating rate product that will target a first-year dividend yield of 5%.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: