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January 21, 2021
Getting more than broad-based bond exposure doesn’t mean investors have to deep dive into the debt market. They can start with three ETFs from Invesco that are seeing heavy average daily volume.
Invesco Senior Loan ETF (BKLN): seeks to track the investment results of the S&P/LSTA U.S. Leveraged Loan 100 Index. The Adviser and the fund’s sub-adviser define senior loans to include loans referred to as leveraged loans, bank loans and/or floating rate loans. Banks and other lending institutions generally issue senior loans to corporations, partnerships or other entities (“borrowers”). Senior loans are typically used for business recapitalizations, acquisitions, leveraged buyouts, and re-financings. BKLN’s loan portfolio will include the purchase of loans from banks or other financial institutions through assignments or participations.