If you're not happy with the way Morningstar and Lipper rate municipal bond mutual funds, there's now another game in town. InvestmentNews
' Jessica Toonkel reports
on the launch today of BondView
, which rates muni bond funds based on the ratings of the bonds they hold inside their portfolios.
For now, the site rates 100 muni bond funds, including both open-end and closed-end ones. According to BondView founder Robert Kane
, the startup uses five criteria: diversification, duration, income stream and maturity, market pricing, and market sector.
Neil Anderson, Managing Editor
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