I think the broad diversification mitigates many of the issues that you have noted. However, I invest in individual munis and corporates and yes, there are many issues to deal with. I would recommend to try to read the prospectus and filing notices. Even the balance sheets of the entities offering the bonds.
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Too bad those taxes are going to Switzerland. They built their company under the stable U.S. economy and bolted the second that they can find a cheaper tax structure.
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Thank you for the comments.
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