The Motley Fool Discussion Boards
Investing/Strategies / Bonds & Fixed Income Investments
|Subject: Re: PR bonds in single state muni bond funds||Date: 2/5/2014 3:13 PM|
|Author: Wradical||Number: 35200 of 36083|
Anyways, don't let the name of a muni bond fund fool you. You might find yourself owning a lot of Puerto Rico debt instead of debt from your city/county/state.
That's right - and I'd venture to say that most, if not all, of the single-state muni funds hold a lot of Puerto Rican bonds - the reason being that the fund's holidngs are TAX-EXEMPT for your state - not always FROM your state.
A lot of state-themed bond funds will also hold Virgin Islands, Guam, or D.C. bonds, for the same reason.
|Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|