Should I invest now in a municipal bond fund? e.g. FLTMX ? How do they pay profit – increase in NAV?
June 23rd, 2009
or divident? On yahoo finance no dividend shows up. What troubles me that now the fund looks good but when stocks may rebound, the market demad for bonds will go down. Does a bond fund re-price its asset based on market price. I wish it would not do that and instead just always wait for maturity.
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Go to msn.com, click on "Money" in the large white box near the top, then put in FLTMX in the small white quote box in the upper left. The next page shows a 3.71% annualized interest (not dividend, stocks give dividends, bonds give interest) payment.