Muni Funds Still Smoking

Briggs, Amanda
August 2003
Bond Buyer;8/06/2003, Vol. 345 Issue 31693, p1
Trade Publication
Reports that municipal bond mutual funds' willingness to take on risk is driving their decisions to buy or sell tobacco settlement bonds, as Illinois court case have again raised the possibility of a bankruptcy filing by Philip Morris USA Inc. Plan of portfolio manager R.J. Gallo at Pittsburgh, Pennsylvania-based Federated Investors Inc. regarding tobacco bonds; Opinion of various investors regarding investment in tobacco bonds.


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