|Bid||114.88 x 1000|
|Ask||0.00 x 1200|
|Day's Range||115.20 - 115.31|
|52 Week Range||100.03 - 118.15|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||2.73%|
|Beta (5Y Monthly)||0.97|
|Expense Ratio (net)||0.07%|
Ben Barber, Director of Municipal Bonds at Franklin Templeton, joins The Final Round to discuss the overall health of the municipal bonds market and what the 2020 election could mean for it going forward.
After collapsing in March, municipal bond funds have clawed their way back. For the year, returns are largely in the black, despite concerns about downgrades for the sector given the state of the economy. Tom Kozlik of Hilltop Securities, a well-known muni analyst, notes that public finance downgrades outpaced upgrades after the 2008-2009 financial crisis all the way until 2014.
Municipal bond funds allow you to enjoy the benefits of tax-exempt income. By investing in CEFs, you can sweeten the pot even further.