Reported 3 days ago
First Eagle Investments is set to introduce its third municipal-bond fund under John Miller, focusing primarily on higher-quality state and local-government debt while allowing for up to 30% in junk or unrated securities. This new fund will invest at least 80% of its net assets in tax-exempt municipal bonds and may use leverage. Miller, who joined First Eagle this January, has already attracted significant investment in his previous high-yield fund, indicating strong demand in the municipal bond market.
Source: YAHOO