MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, September 10, 2013 M* Names Five Funds to Bet on for Muni Rebound Morningstar's Russel Kinnel writes that investors should stop listening to the noise on municipal bond funds post-Detroit, especially if that noise comes from Meredith Whitney, whose predictions have been significantly off. Kinnel provided a list of five funds that investors can use to bet on a rebound. He suggests T. Rowe Price [profile] Tax-Free High Yield, which has a Morningstar Gold rating. Kinnel said it's crucial for a high-yield muni fund to be managed by a firm with analyst breadth, as it's especially important to do deep analysis of each of the fund's holdings. The fund is down 7.5 percent year-to-date. He also suggests Fidelity [profile] Municipal Income, which has less credit risk than the T. Rowe fund and skilled management, and Vanguard [profile] High-Yield Tax-Exempt, that is so cautious it doesn't qualify for the Morningstar muni high-yield category. It's been down only 5.9 percent this year. Kinnel is a fan of Vanguard's muni funds. He lists two more: Vanguard Limited-Term Tax Exempt and Vanguard Short-Term Tax Exempt. To read more, click here. Printed from: MFWire.com/story.asp?s=45964 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |