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 |
|
Monday, April 25, 2011 JPMorgan Serves Up a 'Spicy Cocktail' In Friday's Wall Street Journal Fund Track column, Katy Burne features a newly launched J.P. Morgan [see profile] mutual fund, Tax-Aware Income Opportunities Fund. Launched last month, the fund "promises a spicy cocktail for muni-bond investors," Burne writes, noting that the fund invests 80 percent of its assets in tax-exempt muni bonds and the remaining 20 percent in taxable bonds, credit derivatives and other hedges. William Eigen, co-PM of the fund, tells Burne that the portfolio mix had not been tried earlier because muni bond yields had been steadily moving south for several years. Printed from: MFWire.com/story.asp?s=36619 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |