Eaton Vance’s New Floating-Rate ETMF for a Rising Rate Environment

Eaton Vance Management rolled out a new NextShares exchange traded managed fund, or ETMF, to generate high level of current income by tracking float-rate loans. Eaton Vance recently came out with the Eaton Vance Floating-Rate NextShares (NasdaqGM: EVFTC), which has a 0.73% total expense ratio. The...