Renaissance Floating Rate Income Fund A (ATL2503)

Renaissance Floating Rate Income Fund A (ATL2503 $10.66)
- $10.66 Cap: $54M
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iShares Core Canadian Long Term Bond Index ETF (XLB $18.25)
- $18.25 Cap: $1.19B
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Renaissance Floating Rate Income Fund A (ATL2503 $10.66)
- $10.66 Cap: $54M
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Q: Can you please provide your opinion on what happens to floating rate funds as interest rates drop? Do you get a similar appreciation of the bonds with lower rates. I notice this fund is short duration so curious on your thoughts. YTD up 7% so a reasonable return but noticed in the short term with steeper drops it doesnt seem to perform as well.

Curious if a better play would be a longer duration fixed income fund?

Read Answer Asked by David on August 30, 2024