Three more former ministers were hauled in for questioning over the suspicious accounting of municipal funds.
For all those reasons, the market for municipal funds is roughly 0.2 percent of the corporate bond market, and less developed than those in emerging economies like South Africa and the Philippines, claimed Nagarajan Narasimhan, senior director of CRISIL Ratings.
Consider alternative investments for your intermediate-term goals like short-term bond funds, municipal bond funds or income funds that include dividend-paying stocks in the mix but watch for bonds with long maturities.
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My articles cover everything from art investment funds and pension trusts for artists to art investment vacations, but also plenty of straight investment topics such as exchange-traded funds and municipal bond funds.
In a recent article titled Index Fund Portfolio Reign Superior, I created 10, 000 portfolios using actively-managed U.S. large cap funds, international large cap funds, and intermediate-term municipal bond funds.
And so far, municipal bond funds have yet to lure back investors after sixteen relentless weeks of net outflows.
If you own municipal bond funds that out-yield the competition, then chances are the fund is chock full of tobacco bonds.
This last crash and burn week took municipal bond funds down badly.
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State and municipal pension funds often let politics intrude on investment decisions -- one reason the performance of these pools often lags those of the private sector.
In fact, Morningstar categorizes more than 60 municipal bond mutual funds as intermediate, of which several use one of the BarCap Municipal intermediate indices or similar index as a performance benchmark.
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In addition to diversifying holdings, most municipal bond mutual funds offer an option for dividend reinvestment, so returns can compound over time.
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Worse, two little-noticed but important bits of the market have imploded this month, and there are fears for a third, known as closed-end municipal-bond funds.
Across the nation, state, county and municipal employee pension funds are governed by boards of trustees, the majority of the members of which consist of current and former government employees.
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Most wealthy Americans invest in boring things: mutual funds, municipal bonds, U.S. Treasuries, and the like.
As investors chase yields, brokers are pushing them into municipal bonds and bond funds in record numbers.
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The plaintiffs include Amalgamated Bank and several municipal and union pension funds.
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In order of popularity, respondents said they owned high-quality corporate, high-yield, international (including emerging market), Treasury (including TIPS) and municipal bonds and bond funds.
Casa Daros' status as a privately financed project distinguishes it from the other new museums, most of which have received funds from municipal or other public coffers.
The yield for seven-day tax-free and municipal money-market funds slipped to 1% in the latest week from 2%, while the yield for 30-day funds held steady at 0.02%.
Their database is composed of Treasury issues, federal agency issues, mortgages, corporate bonds, municipal bonds, money market funds and asset-backed securities.
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He has pushed much of the state's capital investment down to municipal level, boosting the funds available for some towns' schools and sewers fourfold.
In spite of this, municipal bond closed-end funds are attractive.
Mr. Schwartz of ORG says he has put clients such as the Texas Municipal Retirement System and state funds in Maine, Indiana and Kentucky in opportunity funds in part because these funds responded to investor complaints that went beyond poor performance.
Journal has an intriguing article on the heat cities are facing, in courts and municipal markets, for shuffling bond funds away from their intended purpose.
Money market funds may also invest in municipal bonds backed by state governments, short-term notes issued by corporations, or CDs.
What one is impressed by are the yields that are available from municipal bonds, particularly the closed-end funds.
Funds that invest in fixed income municipal securities are not guaranteed and are subject to interest rate, inflation, and credit risks.
Other investors include mutual funds, insurers, and the municipal housing society.
But Tokyo-ites and the municipal assembly are livid that billions in public funds have gone to the banks to help them write off bad debts built up over years of bad management, and overwhelmingly backed the governor.
Kirby McInerney LLP's clients include hedge funds and other investment funds, as well as state and municipal governments.
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