Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
always has been part of my diversified portfolio. the absolute rates are too low now of course, but that's the curse of any higher quality fixed income investment. so there is a need to weigh investment thesis/ value vs. the need for tax free income. Also, the investing public has been expecing higher rates for a while... many of the closed-end leveraged muni funds moved from the consistent discount to a fairly consistent premium in recent months.
Comments