Because of their distinctive structure, closed-end funds could offer investors a leg up in the muni market, but be sure to get comfortable with the quirks of CEFs before investing.
Morningstar's director of fixed-income research Eric Jacobson discusses who is a good candidate for munis today, the key criteria in analyzing a muni fund, and a few of his favorite fund names.
Morningstar's Scott Burns and Tim Strauts explore how ETFs can provide individual investors with greater liquidity than owning individual bonds.
Improving local-government finances and lower default rates than corporates have made high-yield municipal bonds an attractive option for investors eyeing tax-free income, says Nuveen's John Miller.
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