With the bank loan fund marketplace maturing and expanding, advisers appear to now be willing to launch open-end bank loans funds that offer investors something they have never had before - daily redemptions. Up until now, quarterly, or at best, monthly redemptions had been the only option.

In recent weeks, Fidelity Investments and Eaton Vance Corp., both of Boston, have launched the fund industry's first open-end floating rate bank loan funds.

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