Why Top Mutual Fund Managers Love Municipal BondsGuest Post
Why Top Mutual Fund Managers Love Municipal Bonds by Robert Kane, CEO of BondView
The municipal bond market is a morass of nearly two million bond issues worth about $3.7 trillion in total. Investors have about 80,000 different issues to chose from. Data for municipal bond funds show the so-called smart money investors have big bets on junk-rated bonds despite the worries over Puerto Rico and pension deficits across the U.S. Perhaps fears over pension costs are overblown.
Municipal bond funds have an army of . . .
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