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home / news releases / bgt i see merit to buying floaters


BGT - BGT: I See Merit To Buying Floaters

  • BGT is a closed-end fund focused on floating rate loans. This is an area I view positively heading forward.
  • While I do like floating-rate loans, readers should note BGT is filled with mostly below-investment grade debt, so there are risks to this particular fund.
  • Despite the lower quality debt, high yield loans tend to have a lower default rate than below investment grade bonds. This means there is relative value with floaters.
  • While BGT has had a very positive move since my last review, it still sits at a reasonable discount to NAV.

For further details see:

BGT: I See Merit To Buying Floaters
Stock Information

Company Name: BlackRock Floating Rate Income Trust
Stock Symbol: BGT
Market: NYSE

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