Tuesday, December 14, 2010 3:00 PM
Bloodbath in Muni Bond Funds; Reasons for the Muni Selloff; Will it Continue?
Inquiring minds are watching a huge selloff in Municipal Bond Funds. Here are a few charts.
NPI Nuveen Premium Income Municipal Fund
NPP Nuveen Perform Plus Municipal Fund
NPP Nuveen Municipal Advantage Fund
NPP Nuveen Municipal Market Opportunity Fund
NQI Nuveen Insured Quality Opportunity Fund
NQS Nuveen Select Quality Municipal Fund
NPF Nuveen Premier Municipal Income Fund
NZX Nuveen Georgia Dividend Advantage Municipal Fund
NIO Nuveen Insured Municipal Opportunity Fund
NPI Nuveen Premium Insured Municipal Fund
A tip of the hat to reader "Captain America" for all the symbols.
My first thought is good grief, how many freakin' muni funds does one need? Nuveen offers at least 10 different ways to invest in munis. That is just Nuveen. Is there a bubble in the number of muni funds?
NPI Nuveen Premium Income Municipal Fund
NPP Nuveen Perform Plus Municipal Fund
NPP Nuveen Municipal Advantage Fund
NPP Nuveen Municipal Market Opportunity Fund
NQI Nuveen Insured Quality Opportunity Fund
NQS Nuveen Select Quality Municipal Fund
NPF Nuveen Premier Municipal Income Fund
NZX Nuveen Georgia Dividend Advantage Municipal Fund
NIO Nuveen Insured Municipal Opportunity Fund
NPI Nuveen Premium Insured Municipal Fund
A tip of the hat to reader "Captain America" for all the symbols.
My first thought is good grief, how many freakin' muni funds does one need? Nuveen offers at least 10 different ways to invest in munis. That is just Nuveen. Is there a bubble in the number of muni funds?
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