Munis

“Not every muni is trying to achieve the same thing,” an expert says.

“The combination of low rates, curbs on state and local tax deductions, and consistent economic expansion have been a nice tailwind,” an analyst says.

Angst over the Fed’s decision to lower borrowing costs has seeped into the $3.8 trillion market for municipal bonds.

Data reported by the Investment Company Institute.

Just five asset managers hold about 80% of the new money added to the municipal-bond market this year.

Defined-maturity funds offer traditional fixed-income interest payments.

Activist investors have taken large stakes in at least 100 of the products so far this year.

The billions of dollars that have flooded the state and local debt market this year have only heightened the craving.

The average expense ratio among the top-performers is 40 basis points higher than the average.

Clients who owe the IRS should pay their taxes by April 15 even if they have already secured an extension.