TAKE A LOOK AT CLOSED END MUNICIPAL BOND FUNDS

February 2, 2018

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

Watch the related WEALTHTRACK episode.


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