Bank Loans: Opportunity for the Long-Term Investor
As you may know, earlier this year Innovest recommended that many of its clients add bank loans to a diversified portfolio due to the discounts at which they were trading in the first half of 2008. Those discounts are even larger now after the credit crisis worsened.
New York Life Investment Management (NYLIM) recently published a White Paper on the opportunities in the bank loan market. With the credit crisis hitting nearly all investments, NYLIM makes the case that bank loans make sense now more than ever for investors with long-term investment horizons. They discuss the current opportunities and then present a number of possible outcomes based on their scenario analysis.
Please click on this link to read about the opportunity in bank loans.