Bond funds are offering a ‘double whammy’ for investors
Written by Emily J. Thompson, Senior Investment Analyst
Source: MarketWatch
Current Market Conditions: Closed-end bond funds are experiencing significant declines due to a slump in the bond market, leading to deep discounts on their net asset values.
Investment Implications: The combination of falling bond prices, increased leverage costs, and investor behavior has created an environment where these funds may offer attractive distribution yields despite their current challenges.
Analyst Views on NBH
Wall Street analysts forecast NBH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NBH is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 10.480
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Current: 10.480
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About NBH
Neuberger Berman Municipal Fund Inc. (the Fund) is a diversified, closed-end management investment company that invests primarily in municipal securities. The Fund's investment objective is to provide a high level of current income exempt from regular federal income tax. The Fund invests approximately 80% of total assets in municipal securities. Its investment portfolio in municipal bonds includes general obligation bonds, revenue bonds and pre-refunded bonds. Its investment portfolio by state and territory includes Alabama, Arizona, California, Colorado, District of Columbia, Florida, Georgia, Hawaii, Illinois, Illinois, Iowa, Kentucky, Louisiana, Massachusetts, Michigan, Mississippi, Minnesota, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Puerto Rico and Texas. The Fund's investment manager is Neuberger Berman Investment Advisers LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
