As if municipal bond closed-end funds needed any more help, the year-end tax selling that customarily plagues the industry every December took the year off in 2009.

Municipal closed-end funds provided a 1.1% return in December, according to a First Trust Advisors index tracking the sector. That brings total returns for the year to a hearty 33.9%, partially recouping last year’s 30.5% free fall.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access