Rising rates, where next?
“One way to reduce volatility in portfolios is to invest in Floating Rate Notes (FRN’s), the ‘Cinderella’ of the fixed interest market.
Sydney based Spectrum Asset Management, which manages some $75 million for its clients, is a specialist in holding this inadequately understood type of bond whose income goes up in tandem with official rates…”
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Written by Andrew Main – Long established and objectively minded financial journalist, Andrew Main has an eye for what counts for investors.