Reported 1 day ago
Rockefeller Asset Management has launched a closed-end interval fund targeting higher-yielding municipal bonds, furthering its strategy to enter the risky state and local debt market. The fund will be managed by a team of former Invesco portfolio managers and aims to repurchase a percentage of shares quarterly, facilitating investment in less liquid securities. With a focus on medium-grade and lower-rated municipal bonds, the new Rockefeller Municipal Opportunities Fund seeks to capitalize on the strong performance of high-yield state and local debt this year.
Source: YAHOO