MFOHome About Commentary Discussions Funds The Best Resources Support Us!

Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Sign In Register

Categories

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.

    Support MFO

  • Donate through PayPal

Nea remains An Attractive Choice For Muni Bonds

johnNjohnN
in The Bullpen
https://seekingalpha.com/article/4316663-nea-remains-attractive-choice-for-muni-bonds

Nea remains An Attractive Choice For Muni Bonds
Jan. 14, 2020 7:23 AM ETNuveen AMT-Free Quality Municipal Income Fund (NEA)27 Comments
Summary
NEA still sports a rather large discount to NAV, although the discount narrowed considerably over 2019.
By using a fair amount of leverage, NEA is able to offer an income stream on-par with high yield offerings, despite exclusively holding investment grade debt.
Defaults across the muni bond space ticked up in 2019, but are still at a low level in comparison to the past decade. This could make the sector a smart equity hedge right now.
Sign In or Register to comment.