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 analysts and managers to perform due diligence on each holding. Although funds have different investment…
Why Top Mutual Fund Managers Love Municipal Bonds
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