|Last Price$53.34||Day Change (%)0.11%|
|Open Price$53.30||Day Change ($)0.06|
|Day Range53.28–53.41||52-Week Range50.90–55.50|
As of Fri 07/25/2014 01:56 PM EST | USD
Widely held muni bond investment takes a big licking
In this special one-hour presentation, Morningstar experts share their takes on how investors can navigate a world with slightly overvalued stocks, an uncertain interest-rate environment, and a slow-growing economy.
Western Asset's Rob Amodeo explains how it's no longer a "set it and forget it" muni market, and he also details why he likes some Puerto Rican bonds.
Despite a bounceback in the muni market, some closed-end funds remain undervalued.
Increasing demand, tightening supply, and expectations for higher rates and inflation should bring better muni returns in the coming years, says Nuveen's John Miller, Puerto Rico notwithstanding.
Muni managers take sides in the Puerto Rico debate, address the bond landscape in Chicago, Detroit, and California, and discuss the advantages of CEFs in the muni space.
All investments involve risk, including possible loss of principal. The value of investments can go down as well as up, and investors may not get back the full amount invested. The information provided in this posting is not a complete analysis of every material fact regarding any country, region, ...
Mortgage and financial guaranty insurer PMI Group PMI reported first-quarter earnings in line with our expectations, so we won't be changing our fair value estimate. PMI is taking back market share from alternative products and international operations are expanding. Mortgage insurance ...