Munis Manage to Avoid Volatility of Other CEFs

Seymour, Dan
July 2010
Bond Buyer;7/8/2010, Vol. 373 Issue 33346, p1
Trade Publication
The article reports on the goal of the close-end municipal bond funds to pay dividends at a time when dependable income is difficult to find to avoid volatility of other closed-end funds (CEFs) in the U.S. According to UBS Wealth Management CEF analyst Sangeeta Marfatia, the development of municipal funds was due to stability of the underlying municipal market. Meanwhile, Stifel Nicolaus & Co. analyst Alex Reiss warns that municipal CEFs threaten investors with stock-like risks.


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