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For those on a fixed-income needing extra yield, Michael Johnson likes three muni-bond ETFs...

For those on a fixed-income needing extra yield, Michael Johnson likes three muni-bond ETFs worth the bet that defaults won’t soar: PowerShares Build America Bond Portfolio (BAB), with most holdings in bonds that won’t mature for at least 15 years regardless of renewal of the BAB program; Market Vectors High-Yield Municipal ETF (HYD); and iShares S&P National Municipal Bond Fund (MUB).
Comments (1)
  • k9s-4-k8
    , contributor
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    Beware of any muni etfs or muni closed end funds that leverage their portfolio for a better return. If short term interest rates start rising you could get creamed due to the construction of leveraged muni funds.
    17 Dec 2010, 02:42 PM Reply Like
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