Summary | More municipal-bond fund managers now have the
freedom to range across a broad array of investments, and
financial advisers are starting to embrace these flexible funds
as a hedge against the prospect of rising interest rates. Some
new or modified funds can now buy bonds of much shorter
duration--and of below investment grade. Because of the risks ...
freedom to range across a broad array of investments, and
financial advisers are starting to embrace these flexible funds
as a hedge against the prospect of rising interest rates. Some
new or modified funds can now buy bonds of much shorter
duration--and of below investment grade. Because of the risks ...
blogs.wsj.com | 24 April 2015