Gundlach: Tell us how you really feel, Jeff. "TIPS (TIP) are probably the worst asset class in...


Gundlach: Tell us how you really feel, Jeff. "TIPS (TIP) are probably the worst asset class in the U.S. ... I have talked myself blue in the face (previous) trying to get investors not to buy (them)." Given their recent big declines, he doesn't hate them as much as a few weeks ago, but he's still not a buyer. On municipals (MUB), he's a buyer, particularly in closed-end funds who've been doubly whacked thanks to growing discounts to NAV. A sampling of muni CEFs: NIO, NVG, BTT, NPM, NRK, MUC, VCV, NEA.
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Comments (3)
  • turk617
    , contributor
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    Long in NRK & EVY
    Added to my positions this week as yields were upwards of 6.5%
    27 Jun 2013, 07:59 PM Reply Like
  • Tovj
    , contributor
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    Enjoying the tax-free distributions of NRK, especially with its yield exceeding 6% but a distribution cut looks likely at some point. According to the Nuveen site, this fund is not generating enough earnings to cover the distribution (under by about 12%). It does have a $0.08 UNII so that will cover the shortfall for a number of months. I like getting tax-free yields of over 6% on my money and hopefully the fund can improve their numbers before needing to make a cut.
    27 Jun 2013, 09:52 PM Reply Like
  • LowerForLonger
    , contributor
    Comments (30) | Send Message
     
    Is the list of CEF's from Gundlach? Or just a random list that the writer included?
    28 Jun 2013, 07:46 AM Reply Like
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