Nuveen, Pimco and Prudential all plan to launch bank loan funds in 2011. Bloomberg revealed that tidbit and more in an article yesterday on the recent popularity of the niche mutual funds, notably Scott Page and Craig Russ' $1.5 billion Eaton Vance Floating-Rate Advantage Fund [see profile].

Bloomberg reports that, according to Morningstar, bank loan funds attracted a record $5.62 billion in net inflows in January.

Page and Russ, Harris Private Bank CIO Jack Albin, Loomis Sayles [see profile] PM John Bell, Credit Suisse global leveraged-finance strategy chief Jonathan Blau, Markit Group credit analyst Otis Casey, Lord Abbett Floating Rate Fund [see profile] PM Elizabeth MacLean, Wells Fargo [see profile] PM Margie Patel, Putnam Floating Rate Income Fund [see profile] PM Paul Scanlon, and Lipper analyst Jeff Tjornehoj all weighed in for the article. 

Edited by: Neil Anderson, Managing Editor


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