NAD News and Press, Nuveen Quality Municipal Income Fund From 06/22/21

The muni CEF sector has continued to rally this year due to the resilience of municipal bond yields and tight CEF discounts. A number of funds, however, have grown to premium valuations that are unlikely to prove sustainable. In this article, we take a look at a number of these fu...

RiverNorth has been busy in the last few years offering new funds; RFMZ is the latest effort they've brought to market. This one is another similar hybrid municipal bond fund approach to the others that we have been touching on. RFMZ launched on just 2/24/2021, so we don't have a ...

We review CEF market valuation and performance over the past week and highlight recent events. We highlight news and market action across a number of CEFs such as JHB, EIC, and the Blackstone loan trio. We continue to favor funds such as NMCO that are less likely to have to borrow...

RFM is the third fund that we've covered that is similar to RMI and RMM. This fund also utilizes the hybrid approach between CEF holdings and individual muni holdings. This fund launched at a great time, March 27th, 2020 - they were able to take advantage of the market declines at...

During the fund flows week, investors continued their search for yield, injecting a net $2.0 billion and $1.9 billion into taxable bond funds (including ETFs) and municipal bond funds, respectively. On the taxable side, Short Investment-Grade Debt Funds (+$884 million) attracted the l...

RMM is another RiverNorth fund that is similar to RMI that we just covered. The strategies are largely the same; however, RMM is meaningfully larger, and the portfolio hedged duration is shorter. Over the last year, RMM has outperformed RMI as well. For further details see: ...

RMI invests some of their portfolio in the muni space through investing in other muni CEFs - a 'fund of funds' approach. Other individual municipal bonds also make up a majority of the fund's holdings. This is a bit of a hybrid approach to investing in the muni space, where the fu...

With the post-pandemic US economy on the mend, a new threat has emerged: inflation. A confluence of pent-up consumer demand, record household savings, low inventories and global shortages has ignited the sharpest near-term price hikes in decades. Effective inflation-protection str...

Municipals posted another month of positive performance amid range-bound interest rates. Fiscal stimulus and infrastructure uncertainty limited municipal issuance. Summer seasonal supply-demand dynamics have historically boded well for muni performance. For further details s...

Nuveen Quality Municipal Income Fund (NYSE:NAD) traded at a new 52-week high today of $15.86. This new high was reached on below average trading volume as 165,000 shares traded hands, while the average 30-day volume is approximately 394,000 shares. Nuveen Quality Municipal Income Fund is...