Increasing demand, tightening supply, and expectations for higher rates and inflation should bring better muni returns in the coming years, says Nuveen's John Miller, Puerto Rico notwithstanding.
TIAA-CREF has announced that it has no plans at this time to tinker with Nuveen's operations.
High-yield investors might want to consider the closed-end versions of these two funds.
Investors might want to consider using another fund vehicle for access to these three strategies.
Indexing is not always the way to go for some muni funds.
Western Asset's Stephen Walsh discusses how closed-end funds provide the opportunity to invest in higher-risk bonds without added transaction costs.
A recent Morningstar survey found that current closed-end fund investors are using the vehicles for retirement income, but potential investors desire more education.
Long-dated municipal bonds are attractive, but make sure you know where the revenue that backs the bonds is coming from, says Western Asset's Robert Amodeo.