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URL:  http://boards.fool.com/i-am-using-fidelity-floating-rate-high-income-fund-20450497.aspx

Subject:  Re: OT: a bit - where to put liquid savings. Date:  3/7/2004  8:53 PM
Author:  Robert52 Number:  39732 of 75637

I am using Fidelity Floating Rate High Income Fund for my 1-3 year money.

http://personalmro.fidelity.com/products/funds/mfl_frame.shtml?315916783

This fund yields close to 3%, and the floating rate instruments in contains have rates that re-set frequently (typically in 6 months or less). Therefore, I don't think this fund will actually do better if interest rates rise.


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