Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:BlackRock Plays Up Muni Bonds Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, March 04, 2011

BlackRock Plays Up Muni Bonds

News summary by MFWire's editors

Today's Wall Street Journal Fund Track column puts the spotlight on Peter Hayes, leader of the municipal bond group at BlackRock.

"The oddity of the situation is that investors should be buying when the net asset value is lower and yields higher. But there are still outflows from muni mutual funds, though the outflow has slowed," Hayes told the pub.

The BlackRock National Municipal Fund, a $2.3 billion mutual fund investing in tax-exempt muni-bonds with maturities of five years or longer, reportedly gained 2.9 percent last year, beating the industry average for general municipal bond funds, and it ended last year in the top 25 percent, according to data from Standard & Poor's.

However, Hayes offered that the asset class will face some tough times in the near future from the seasonal increase in supply typical from March to June and as states continue to struggle with their budgets.  

Edited by: Hung Tran


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2020: Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use