Municipal Bond Funds

Casey Smith, President of Wiser Wealth Management, and I were quoted in a recent article about municipal bond funds.  Here’s a quote,

The Marietta, Ga.-based advisor notes that they’re still less expensive than ETFs. And Vanguard keeps its managers on a short leash in making moves differing from their respective benchmarks, says Smith, president of Wiser Wealth Management.

“Normally, when I hear the term ‘mutual fund,’ I cringe,” he said. “We’ve transitioned to all-ETF portfolios. But we’ve made an exception in munis, where we find that Vanguard’s quasi-active mutual funds are about half the price of the muni bond ETFs on the market right now.

“Vanguard’s muni funds hold up well on a performance basis to similar ETFs, says Kyle Waller, a research analyst at Wiser Wealth Management. He compared MUB to the Vanguard Intermediate-Term Tax-Exempt Fund (VWITX).

Read full article on Sell-Off Leads to Muni Mania here.