Floating-rate bond funds may set investors adrift (at MarketWatch)

Floating-rate bond funds may set investors adrift (at MarketWatch)

August 26, 2010, 3:57 am

For investors convinced that today?s ultralow interest rates are bound to rise, specialized bond funds that adjust to fluctuating market conditions might seem tailor-made. But there?s a danger with these funds that may outweigh their appeal.