Superfloater
A floating-rate CMO tranche whose rate is based
on a formulaic relationship to a representative interest rate index.
Remarks:
Bond funds including mutual funds (open-end and closed-end, actively managed
and indexed), exchange-traded funds and unit investment trusts offer a
convenient and affordable way to invest in a diversified portfolio of bonds,
but a bond fund investment can differ from a bond investment in ways that
are important to understand. |
|
|
|
|