Muni Bonds - ETFs vs. Closed End Funds
Muni Bond ETFs? Not So Fast compares a few popular municipal bond ETFs to some closed-end fund alternatives.
With the Fed on record as trying to increase inflation with QE2, I'm not a big fan of municipal or nearly any other type of fixed coupon bond. Add in uncertain credit quality for many issuers and munis get even less attractive.
Investors who do want exposure would be capital-F Foolish to investigate closed-end funds. Experienced management and, in some cases, higher yields make the closed-ends look attractive compared to ETFs.
Feel free to weigh in with your opinion with a comment here or on the article.