|Last Price$53.24||Day Change (%)-0.08%|
|Open Price$53.31||Day Change ($)-0.04|
|Day Range53.24–53.34||52-Week Range51.43–54.80|
As of Thu 10/8/2015 12:49:00 PM | USD
Muni -bond appetite on the rise as investors seek tax-free safety
Fitch Affirms BlackRock Muni CEF Preferred Shares on Reorganization
A first for the mutual fund industry, and the cheapest offering in ETFs, an analyst says.
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.
Tax-exempt category is actually benefiting from the dark cloud hanging over it.
All is not lost: 'You might get 90 cents on the dollar, or you might get 30 cents on the dollar.'
Though it can be bumpy at times, Silver-rated Wells Fargo Advantage Municipal Bond has successfully invested in mid- and lower-quality tiers of the market over the long term.
SPDR Nuveen Barclays Municipal Bond ETF offers a portfolio of high-quality muni bonds at a low cost and a relatively attractive tax-equivalent yield.
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.
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.