Muni funds break outflow streak


It was just a tiny $103M, but municipal bond mutual funds and ETFs last week ended a streak of 33 consecutive weeks of outflows, according to Lipper. The $103M gain compares to outflows averaging $1.5B-$1.9B over the previous month.

The value of municipals - with longer-dated high-grade paper trading above that of comparable Treasury issues (and that doesn't include adding back the tax benefit) - has been noted often (here and here for example)  over the past weeks, and many closed-end funds are trading at discounts to NAV.

Related ETFs: MUB, HYD, BAB, PZA, MUNI, TFI, ITM, HYMB, MLN, CMF, BABZ, BABS, XMPT, SHM, SUB, PRB, PZT, SMB, NYF, CXA, PVI, PWZ, SMMU, MUAF, INY, MUAD, MUAE, MUAG, MUAC, GMMB, SHYD, VRD, RVNU

From other sites
Comments (2)
  • DeepValueLover
    , contributor
    Comments (11221) | Send Message
     
    This opportunity is closing up rather quickly.

     

    It all swings on Puerto Rico and Illinois.
    17 Jan 2014, 01:52 PM Reply Like
  • NYer1
    , contributor
    Comments (2830) | Send Message
     
    Indeed discounts in closed end funds have been shrinking the past 2 weeks, some funds are trading at PREMIUMS already..caveat emptor!
    17 Jan 2014, 03:25 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs