Posts from Sunday Apr 24 2011

FTfm on AV

Some highlights from Monday’s FTfm.

Demand for floating rate bonds soars
Rising inflation fears and plunging corporate default rates are fuelling a surge into floating rate loan funds. US investors have pumped $17.5bn into mutual funds investing in corporate loans so far this year, taking assets to $71bn, well above the pre-crisis peak of $47bn and in Europe Neuberger Berman listed its Global Floating Rate Income Fund on the London market having raised $507m, more than twice its initial target and making it the second largest non-Russian IPO in UK this year Read more