More than half of bond ETFs saw price price declines greater than their drop in NAV last month,...


More than half of bond ETFs saw price price declines greater than their drop in NAV last month, according to Morningstar. The MUB's 3.1% fall compares to a 1.3% dip in NAV - not peanuts considering the fund's 2.8% annual yield. Similar patterns were seen in other muni funds like CXA and ITM as well as in junk bond ETFs like HYG, but was not evident in TIPS (TIP) trackers or broad fixed-income ETFs like AGG and BND.

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Comments (2)
  • Petrarch
    , contributor
    Comments (1098) | Send Message
     
    Tips are worth buying in here
    Munis are also worth buying - preference is somthing lik NXP which has a tax equivalent yield 0f 7 and a discount to NAV of 7
    P
    16 Jun 2013, 11:48 AM Reply Like
  • Zeldan
    , contributor
    Comments (78) | Send Message
     
    Some bond closed end mutual funds (remember these?!) are selling at more than10% discounts to their NAV.
    16 Jun 2013, 10:52 PM Reply Like
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