Home / Markets / Industries / Finance
Tuesday, November 17, 2009
Eaton Vance Launched First Build America Bond Fund
By Deborah Levine
MarketWatch Pulse
NEW YORK -- Eaton Vance launched a new taxable municipal bond fund on Tuesday, the first actively-managed mutual fund designed to invest in Build America Bonds, the federally-subsidized debt program that helps states and local municipalities get a better deal on selling debt to finance capital projects. The fund comes after issuers have sold almost $50 billion in the securities since the program began in April. "For investors, what's compelling about Build America Bonds is their potential for corporate bond-like income combined with the credit quality profile of municipal bonds," which have a dramatically lower default risk, said Cynthia Clemson, co-director of Municipal Investments at Eaton Vance and co-manager of Eaton Vance Build America Bond Fund , in a release.
Copyright © 2009 MarketWatch, Inc.
Fox Business Video
-
-
Euro Debt Could Boost Gold
-
Feb 9, 2010
FOXBusiness.com LIVE
-
-
-
Health-Care Reform vs. Job Creation
-
Feb 9, 2010
Question of the Day
-
-
-
Ron Paul on Stimulus
-
Feb 9, 2010
Future of government bailouts?
-
-
-
U.S. No Longer the Space Explo...
-
Feb 9, 2010
Future of space program
-
-
-
Toyota Will Recover
-
Feb 9, 2010
Will the auto manufacturer bounce back?
-
Last 5 Stocks
- Ticker
- Company
- Price
- Change