Bill Gross and Closed-End Muni Bond Funds

by: Roger Nusbaum

BusinessWeek has a good article (subscription required) about muni bond closed-end funds, writes Roger Nusbaum (wish list). The article focused on some of the risk and rewards of these funds, and Bill Gross's unyielding faith in them right here. Here is the list of funds from the article:

closed-end funds

There are some interesting concepts in this mix.

Gross disclosed that he owns 35 different closed end muni funds and the article concluded that he is really putting his money where his mouth is.

What if 35 different CEFs is only 3% of his portfolio? I'm not saying 3% is right, in fact I have no idea because the article didn't say.

Mr. Gross, if you or any one who works for you reads this site and can clarify what percentage those 35 funds make up that would give a much better idea of where you stand on these.

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