Mar 24 - Mark Okada, manager of the Highland Floating Rate Opportunities Fund, says that while money has poured into bank loans in recent years, it is a solid asset class with selective opportunities
Joining me about strategies -- an award winning my manager Martin caught at the highland looking rain off. On -- you -- awards dinner out of here at our congratulations to keep in mind. Well you haven't flooding -- -- zone interest rates got -- in top of mind. What do you think about strategy wise as you move out this year we'll -- bonds. On the interest rate risk is on his mind you think about -- save money. At the bottom part and again all the hype listening you're facing now and -- As a real problem that -- -- -- if you're exposed in his seven year continuing rain lightning and anything can happen and then exit. You're gonna need a lot of -- you're in the world who are finding letting me and I used mesa bank loans because you're paying. So because we're -- perhaps not quite what we don't have anything risky. So when I'm talking about rates going up like -- and learn what might have played out how to drive on how. Volley the -- is coming and you got a lot of strain and seen. Get him -- kind of neat that's and ask Mike couple things -- it the right direction here. -- and the weather related means you're on -- right here we love seeing handsets but it's. I'm glad right now and I think that you're gonna start this strong enough. Naturally gonna get ready to. It's going to be a long for a lot of. Thank. A lot of managers being thank it's actually sent some opinions three years I spent the market. Meaning getting to -- crap it's it. -- -- there's not -- time alone at night one week. Fun in Bangkok and any time happening. Right about that a lot of liquidity is driving investors. -- using the name yet at times it. We didn't expect him. -- -- -- -- -- Most of the calendar and I'm glad that you did you have high so I think if you can. And we need him in the 21 years as he's ever in modern times so if you're in here this -- but -- -- -- -- selective about what he doesn't want to do it loses that's the last 1021 years or less you know we want negative year. Really good solid after that pass so there's going to be backing up. In my mind as there's probably -- -- but. I think if you're fair game here a long time. And -- in our -- and that's why it's very popular. Your -- at the end of last year had about 20% cast expensive. The test that you see are -- -- long -- I think something is yeah. Settlement and I thank them again while we don't typically sit on them and ask him. And usually it's around 5% so what you CNN cash balances. Explosion I'll take a little and time -- is some understanding. So what we are all part. What's your biggest challenge when you look out this year and I think it's really going to be making us. Sure that we keep our credit quality high and very focused on credit quality portfolio. And a lot of people are little wrist and the wind looking. Taylor is that -- scenes on a plane I don't. Cycle you're gonna happen going forward have a site running and have a. -- Had a lot of debt issues and see. Starts here. Rates right seat that's been little more pressure on borrowers brands anything NN additional credit cycle. All is rising very -- place and are now. Two maybe 31% isn't going and so that's the town and intelligent agent Clark credits you know normally you. NASA is not yeah aren't cutting -- top three innings sometimes. I'm Ron is out there this right.