FMD Capital Management

Posts Tagged: municipal bond

Dealing With A Dividend Cut In Your CEF Portfolio

Written by David Fabian, July 12th, 2017

If you dabble in the closed-end fund market long enough, you are probably going to own a fund that sees its dividend cut.  This seemingly innocuous event can have numerous ripple effects for shareholders that should be carefully evaluated before you respond with any knee-jerk reactions.  Read more

Keep A Close Eye On High Yield Municipal Bond ETFs

Written by David Fabian, June 29th, 2017

High yield municipal bond income seems like a dream come true in today’s market.  The ability to capture a 4%+ income stream with little taxable impact in a strongly trending credit environment is the ideal situation for many retirees.  This is particularly true for investors who have more money stashed away in taxable trusts and brokerage portfolios than traditional retirement accounts. Read more

VIDEO: Closed-End Fund Market Update – Running Hot

Written by David Fabian, February 09th, 2017

This month’s video takes an in-depth look at the closed-end fund marketplace.  Charts include both diversified CEF indexes and single fund names.  Overall the trend remains solid, however we are starting to see stretched premiums and tight discounts across the entire spectrum.  Risk is high and caution should be warranted at this stage of the cycle.  Video recorded after the market close on February 8, 2017.

A log of our previous videos are posted here.

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VIDEO: Churning and Burning – October 2016

Written by David Fabian, October 25th, 2016

The churning in the stock market has created little net gain in the major domestic indices over the last four months.  In this video, I look at areas of the market that are showing strong momentum, alongside those that should be viewed with caution.  Charts include: large cap stocks, technology stocks, U.S. dollar index, emerging markets, interest rates, and municipal bonds.  Recorded on October 25, 2016.

A log of our previous videos are posted here.

Join our weekly blog roundup of the latest ETF and CEF articles, along with timely market analysis.  Subscribe here.

Interest Rates Rattle Muni Bond Fund Investors

Written by David Fabian, October 22nd, 2016

Municipal bond funds are typically held for their tax-free income properties and low risk profile rather than their growth prospects.  These investments are beloved and often over-weighted in large taxable accounts for their ability to skirt IRS levies that traditional bond income generates.  Read more