Municipal Bond Forum
All bond funds are not alike
Q
I put $160 per month in a Rochester muni bond fund. It charges high management fees. I want to switch to a Vanguard muni fund to save on these fees, since all bond funds are similar in their investments. True?
A
James A. Klotz responds:
Actually, all bond funds are not alike, and can differ in a variety of ways. If you are confident that the two funds to which you refer have the same investment objectives and performance, then we know of no reason not to opt for the fund with lower fees.
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