|Last Price$54.72||Day Change (%)0.39%|
|Open Price$54.83||Day Change ($)0.21|
|Day Range54.60–54.85||52-Week Range51.43–54.85|
As of Thu 2/11/2016 5:00:00 PM | USD
UPDATE: Mr. Market is no friend of stock fund and ETF investors
Fitch Rates Indiana Muni Power Agency's 2016 Series C Power Supply System Rev Bonds 'A+'
Fitch Rates Missouri Joint Muni Electric Utility's Prairie State Revs 'A'; Outlook Stable
Municipal bond funds have remained relatively non-correlated to the turbulence infecting virtually every other investment category.
In 2015, it was the best of times for muni CEFs and the worst of times for pretty much everything else.
Stable market conditions and client demand signal the right time for the firm to launch the first tax-exempt index open-end mutual fund.
After a strong 2014, we're keeping an eye on interest rates and issuance, which could both creep higher and sting in 2015. Plus, two muni -fund picks worth a look today.
The year 2015 was a disappointing one for most bond-fund investors.
A look at which funds took it on the chin and which remained unscathed.
Munis have somewhat recovered so far this year, but investors need to mind all of the rate, credit, and valuation risks inherent in muni bonds and funds.