NZF: Buy High-Yield Muni And Expect Good Return In The Next 12 Months

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  Posted by Two Blokes Jun 12 - Filed in Stock - 5 views
  
  I rate NZF a buy, expecting a double-digit total return in the next 12 months due to attractive yields and a likely rate cut late this year. NZF's 8%+ tax-exempt yield is compelling, especially for high-income investors. The muni fund could also see price gains due to the NAV discount and favorite price move, adding total returns. Stock market such as the S&P 500 may prove to be more challenging to get double-digit gains from the current level, after the V-shape rebound.