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 That Tend to Yield More
- Does Not Have to Worry About Meeting Cash Redemptions