Muni Nation: Value in Municipal Closed-End Funds?
July 28, 2015 at 06:30 AM EDT
Why I like municipal bond closed-end funds (CEFs) now: Muni CEFs are currently trading at an average discount of 9.35% to their net asset values (NAVs). These significant discounts can represent value in a world where value appears scarce. Buying funds at a discount may enhance the yield investors...
