Posts for Ticker ‘NXC’

California Muni Bond Funds Defy Hangman (AB, BLK, EV, MS, AKP, BCK, RAA, BFZ, BCL, BJZ, MUC, CEV, EVM, CCA, IIC, IQC, ICS, NUC, NVX, NAC, NZH, NXC, PZC, PCK)

Burning Money PicIt seems that even the Governator is having a hard time saving California, and many are blaming him for the state’s ballooning budget deficit.  The company is facing billions in deficits and the headlines around the web put the state only weeks away from a financial meltdown.  The state entered another moratorium for foreclosures, yet ask anyone from outside of the state if they think property has yet to get dirt cheap there.  There are probably 20 or so single-state closed-end municipal bond funds that investors own.  These come from AllianceBernstein Holding L.P. (NYSE: AB), BlackRock, Inc. (NYSE: BLK), Eaton Vance Corp. (NYSE: EV), Morgan Stanley (NYSE: MS), Nuveen, and PIMCO.  Interestingly enough, most of these municipal bond funds are up on the day.  This is also not the full list in the entirety of the California single-state muni funds and does not include the open-ended funds:
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Posted on: June 16, 2009 – 12:00 pm in Bonds, Dividend, Mutual Funds, Politics, , , , , , , , , , , , , , , , , , , , , , , ,