Opinions
Jim McGovern
PowerShares Senior Loan ETF
BKL-T
DON'T BUY
Jun 28, 2016
$18.850
Stock price when the opinion was issued
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Presumes this is a floating rate type senior loan fund and is marketed principally on the idea that you are going to be protected. As rates go up your income will go up. There are always small problems with these loan portfolios. They are typically offered as leveraged companies, and he has found that it is all good, and then one day it is not good.