[Korea Seo Hye Rin nine financial newspaper reporter] fund AUM appeared that the US bank loan funds up to three times the country recorded a return of 10.16% last year. LIBOR future gains are expected to continue to lead, and gathered the attention of the bank loan funds, favorable investment strategy upturn in interest rates.
East Spring Asset Management (NYSE bakcheonung) held a press conference at the US bank loan funds Yeouido five days, and had a place to prospect for bank loan investment strategy and bank loan markets.
This is where East Spring US bank loan Special Asset Investment Trust [loan] John wolding senior manager in charge of the charging operation of the fund is the "last US bank loan fund market is $ 864,000,000,002 10.16% rate of return on bank loan funds "said," History has said that rising interest rates environment-friendly bank in the United States, with supply and demand conditions, Ron year bank loan fund market will record a positive total return.
John wolding senior manager three months LIBOR that is linked to interest income 'Possession bank loan is a steady rise since 2016 was recorded based on 1.12% last month to 10 days. Still, "said" 30-year average is significantly lower than the level of 3.76% United States 3 months LIBOR next year will continue to rise in the second quarter of next year, be deemed to rise to 2.1%, "he said.
In addition, he issued a new loan backed securities (CLO), which accounts for most of the demand for bank loans have led to positive from stable, and explained that a solid capital flowchart supply side of bank loan funds from private investors to increase since mid-2016.
2008 of about 3670 billion (approximately KRW 408 trillion won) in size was US bank loan market has grown 235% in 8 years to about 8,640 billion dollars (about 962 trillion won KRW) scale end of December 2016. Default rate of bank loans is 1.41% below the historical average level of 3%.
In particular, John wolding senior managers as a priority loans which, given the uncertain monetary policy direction of the global central banks should consider the important yield is, of course, when bonds maturity duration ', saying' bank loan has corporate assets as collateral not only has a high level of interest income and short duration characteristics as can be expected effects of potential diversification into low correlation with other asset classes, "he said.
Even so, East Spring US bank loan funds are mainly invested in bank loan of B ~ BB rating, which constitutes the largest portion of the US bank loan market, which minimize potential losses by investing distributed to the Company of approximately 360 over he said that the most important feature.
East Spring Asset Management was launched in May 2015, the US bank loan funds, since it offers a wide range of investment opportunities to investors such as US dollars to launch a bank loan japeondeu. In March 2017 the end of the East Spring US bank loan Special Assets Fund (H) [loan] operational scale is 6,826 won, the past year yield is being recorded 5.42% (A Class, Korea Fund Rating Criteria).
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