Financial News
A Lesson on Leverage in Municipal Bond Closed-End Funds
November 02, 2021 at 13:14 PM EDT
By Roxanna Islam, CFA Summary Interest in municipal closed-end funds (CEFs) vs. municipal bonds often stems from higher return potential—this is mostly due to the use of leverage in municipal closed-end funds. Leverage could potentially amplify both the fund’s net asset value (NAV) and its...
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