THE STORY OF A PUERTO RICAN MUNICIPAL BOND MUTUAL FUND
作者: Jimmy Torrez
刊名: Journal of International Finance and Economics, 2013, Vol.13 (1)
来源数据库: International Academy of Business and Economics
DOI: 10.18374/JIFE-13-1.3
关键词: Puerto RicoMunicipal BondsMutual FundsTax Exemptions
原始语种摘要: This paper evaluates one fund which specializes in bonds issued by US Protectorates, the largest of which is Puerto Rico. Therefore this fund invests mainly in bond issued by the Puerto Rican government. Although this fund does not show evidence of risk adjusted outperformance relative to other municipal bond funds in the industry, neither does it underperform the industry. Given the tax benefits this fund has for investors in many states and Puerto Rico being at par with the rest of the municipal bond fund market makes should make this fund attractive to investors.
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关键词翻译
关键词翻译
  • funds 经费
  • industry 工业
  • market 市场
  • bonds 公债
  • benefits 津贴费
  • issued 已发行
  • evidence 
  • municipal 城市
  • attractive 有吸引力的
  • mainly 主要地