Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
The fear of massive defaulting in muni market has not materialized last year. The lower quality, i.e. high yield muni, muni funds are worthwhile to consider for those who like to take on additional risk.
I own USATX and though there has been a slight pull back in fund price, the yield has been solid. Much of the gains of this fund and other Munis over the last year was price appreciation due to the "Meredith Scare".
Comments
The fear of massive defaulting in muni market has not materialized last year. The lower quality, i.e. high yield muni, muni funds are worthwhile to consider for those who like to take on additional risk.
I own USATX and though there has been a slight pull back in fund price, the yield has been solid. Much of the gains of this fund and other Munis over the last year was price appreciation due to the "Meredith Scare".