Three Closed-End Funds for Muni Fans
Because of their distinctive structure, closed-end funds could offer investors a leg up in the muni market, but be sure to get comfortable with the quirks of CEFs before investing.
Jason Stipp: I'm Jason Stipp for Morningstar. It's Tax-Wise Investing Week on Morningstar.com, and today, we're talking about municipal-bond investing and why investors should consider a quirky investment type--the closed-end fund--as a possible candidate to get their muni exposure.
I'm here today with closed-end fund analyst Steven Pikelny, and he's going to offer us some insights into that.
Jason Stipp does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.