Shrugging off the embarrassment of seeing one of its fixed-income funds blow up in March, Carlyle Group this month closed a $1.4 billion fund to take advantage of bargain prices.

本月Carlyle Group关闭了一家140亿美元的基金，意图把握现在的低廉价格，将三月份公司旗下的固定收入基金爆仓的尴尬一扫而光。

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Investors are increasingly channeling their money into higher risk ETFs and away from more conservative fixed-income funds.

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One thing about fixed-income funds in the closed-end world, Kate, is that every 12% approximately, of a discount, equals 1% of real cash flow.

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Such a small move would be justified by the need to be prudent in lowering Selic to minimize the chances of a destabilizing shift from fixed-income funds to savings.

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