NUW - NUW: Tax-Free AMT-Free Income While Waiting For Upside
2024-01-30 09:08:03 ET
Summary
- The Nuveen AMT-Free Municipal Value Fund is a mostly non-leveraged municipal closed-end fund worth considering the current environment.
- NUW is trading at a substantial discount on an absolute and relative basis, which could narrow helping to provide better returns going forward.
- The fund offers primarily tax-free and AMT-free distributions, making it attractive for investors waiting for some potential upside.
Written by Nick Ackerman, co-produced by Stanford Chemist.
Risk-free rates were dropping dramatically after reaching highs last October, not seen since the Global Financial Crisis. More recently, risk-free rates did see some reversal of those declines, and the 10 Year Treasury Rate pushed back above the 4% level. That's pushed interest-rates sensitive investments such as municipal bonds back down a bit once again. One fund that I believe is worth considering in the municipal closed-end fund space is the Nuveen AMT-Free Municipal Value Fund (NUW)....
NUW: Tax-Free AMT-Free Income While Waiting For Upside