Eaton Vance Limited Duration fund trustees OK investment policy change

By Susanna Moon

Chicago, June 19 - Eaton Vance Limited Duration Income Fund trustees approved a revision in investment policies to allow the fund to invest up to 10% of its gross assets in credit default swap agreements on below investment-grade corporate securities, senior floating-rate bank loans or indexes, according to a press release.

The fund also may invest in credit default swaps for risk management purposes, including diversification.

The fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp., which is an investment management company based in Boston.

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