An Overlooked Fixed-Income Allocation for Portfolio Diversity
This week I’ve been writing about some observations on BlackRock’s round of cuts to its closed-end funds. I had anticipated that I would describe the cuts, which overwhelming hit tax-exempt municipal bond funds briefly because I want to devote the article to considering the implications of the distribution increase to BlackRock Science and Technology here (BST), which I did (here). But one of the cut funds caught my attention. It was a municipal-bond fund, but not one of the many that provide exposure to