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 |
|
Friday, March 4, 2011 BlackRock Plays Up Muni Bonds 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. Printed from: MFWire.com/story.asp?s=36178 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |