Example 1: Assume, hypothetically, that a
taxable bond fund yields 4%, and a muni fund with similar characteristics (default risk, interest rate risk) yields 3%.
Based outside Chicago, McDonnell specialises in municipal and
taxable bond strategies and manages USD 11.7bn in assets.
The financing included a tax-exempt bond of $11.2 million and a
taxable bond of $750,000.
taxable bond team, portfolio manager of the US GNMA Bond Strategy, and co-portfolio manager of the Total Return Bond Strategy, will succeed Wiese.
The second bond series sold Tuesday, a
taxable bond worth $40.99 million, had bidders.
equity, international equity and
taxable bond funds -- each having more than $200 billion in inflows.
The government has notified a new 7.75 per cent
taxable bond scheme to replace the earlier 8 per cent scheme for retail investors.
On Thursday, the Center announced to launch 7.75 percent savings bonds to enable resident citizens and Hindu Undivided Families (HUF) to invest in a
taxable bond, without any monetary ceiling.
Taxable bond funds collected net deposits of $20.2 billion, with high-yield debt ETFs garnering nearly $5 billion.
*
Taxable bond funds, while enjoying gains, constituted less than a quarter of mutual fund assets in January.
Investors withdrew an estimated $43 billion from
taxable bond mutual funds [in June 2013], the largest-ever monthly outflow."
In comparison, maintaining the tax status of a
taxable bond is unimportant.
