Individual investors like what they see in long-term muni bond mutual funds and so have been pouring more money into them in 2012 than they have in years.

They appreciate the distribution yields portfolio managers secured with purchases several years back that have led to higher payouts than they could otherwise get buying a long-term bond at today’s barrel-scraping yields.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.