TAKE A LOOK AT CLOSED END MUNICIPAL BOND FUNDS Overlooked Asset Class Frequently Uses Leverage Can Be Volatile Issues a Fixed Number of Shares When Offered to the Public Trades Like a Stock on an Exchange Share Price Frequently Trades Below Its Net Asset Value Income Is Frequently Reinvested at a Discount Can Hold Illiquid […]
Bonds
CONSIDER OWNING MUNICIPAL BOND FUNDS
Consider Owning Municipal Bond Funds Historically low default rates Tax free interest Competitive yields Offer portfolio diversification A “non-correlated” asset Among Morningstar’s Recommendations: Fidelity Intermediate Municipal Income Fund (FLTMX)
