HFRO Update: Looks Attractive With A 37% Discount And An 11 6% Distribution Yield seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.
The new ETF, which seeks to maximize current income by investing primarily in senior floating rate loans, is managed by PGIM Fixed Income, 1 one of the largest and most experienced leveraged finance managers with $38 billion in floating rate loan assets under management as of March 31, 2022. PGIM is the $1.4 trillion global investment management business of.