For BB-rated exposure, try a fund of loans

European Credit Management (ECM), a $12 billion fixed income fund house based in London, is introducing a leveraged loan fund that offers investors access to BB-rated European credit in a more efficient manner than bonds. Matthew Craston, ECM's head of leveraged loans, is now touring Asia to drum up support from banks and other institutions for the product's July launch. Craston joined ECM in January from UBS; he has 20 years of syndicated loans experience at UBS and JPMorgan Chase…