Eaton Vance Management International has made its Floating Rate Income fund accessible to European investors for the first time.
The fund, domiciled in Ireland, aims to provide a high level of income by investing in a portfolio of senior floating-rate loans of US and non-US corporate borrowers. Charging a management fee of 0.5%, the portfolio's other expenses are capped at 0.15%. It is managed by Scott Page and Craig Russ, who are co-directors of Eaton Vance's $42.5bn floating rate team, and vice-president John Redding (pictured). Page said: "We invest in the US and European loan markets, with relative allocations based upon both risk/return considerations and the size of the opportunity sets. "The invest...
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