Mutual Fund News Roundup: March 27

Staying on top of mutual fund news is important for investors. Below, we look at the most important mutual fund news from the past week.

Zack’s Top Municipal Bond Mutual Funds

Zacks.com recently published an article highlighting the top municipal bond mutual funds for investors to consider. The article mentioned the following funds:

• Western Asset Municipal High Income A (STXAX)
• PIMCO NY Municipal A (PNYAX)
• Franklin CA High Yield Municipal A (FCAMX)
• BlackRock High Yield Municipal Investor A (MDYHX)
• Oppenheimer Rochester High Yield Municipal A (ORNAX)

To view the full article, click here.

Retirement Funds & Tech Start-Ups

The New York Times recently published an article regarding retirement funds and the increase in tech start-up holdings. While these funds have traditionally held well-known blue chip stocks, many funds are now taking stakes in companies like Uber, Airbnb and Pinterest.

For example, the Fidelity Contrafund (fcntx) includes shares from all three of the start-up companies. Last year, there were 29 deals that included mutual funds buying stakes in tech start-ups.

To read the full article, click here.

Top Mutual Funds to Minimize Risk

Zacks.com recently published an article highlighting five mutual funds for investors to consider that will minimize portfolio risks. The list included the following funds:

• Transamerica Multi-Managed Balanced A (IBALX)
• Dodge & Cox Balanced (DODBX)
• Hartford Balanced A (ITTAX)
• Invesco Income Allocation A (ALAAX)
• Pioneer Classic Balanced A (AOBLX)

To read the full article, click here.