A surge in new municipal bond issuance is creating an opportunity for buyers, said Jim Grabovac, Portfolio Manager for the McDonell Intermediate Municipal Bond Fund.
Investors seeking to increase their exposure in the beaten-down energy sector should buy the Nuveen Energy MLP Total Return (JMF).
Muni bonds saw a healthy dose of volatility in the first quarter due to new bond issuance, but overall the market remains a bargain versus Treasurys.
Municipal bonds have rallied in the past year, yet they remain inexpensive compared to Treasuries.
Municipal bonds are a good buy, yet investors should keep an eye on Washington as states wait for funds from a national transportation bill.
Investors should not aggressively chase high yields in places like emerging market fixed income funds or junk bonds because they could lose big on the principal.
Municipal bond prices have had a great run over the past year, but they still remain cheap compared to Treasury bonds.
Investors should not expect munis to repeat last year's stellar performance, but they can expect to collect a decent coupon in 2015.
Be wary and get bond insurance before stepping into Puerto Rico municipals, said David Dowden, Portfolio Manager for the MainStay Tax Free Bond Fund.
Closed-end funds offer potentially higher distributions than traditional income investments because of their unique closed structure.