According to a recent article in InvestmentNews.com, these are the top-10 muni funds with the highest percentage of unrated bonds:
Invesco High Income Municipal A: 64.3%
Invesco Van Kampen High Yld Municipal A: 61.3%
Nuveen High Yield Municipal Bond A: 46.9%
Waddell & Reed Muni Hi-Inc A: 44.9%
Oppenheimer Rochester National Muni A: 43.0%
Pioneer High Income Municipal A: 41.1%
Lord Abbett High Yield Municipal Bond A: 40.2%
Ivy Municipal High Income I: 39.2%
Oppenheimer AMT-Free Municipals A: 38.0%
Federated Municipal High Yield Adv F: 35.3%
Many investors lost money when they were told by their broker/financial advisors that these investments were safe and asset backed. Or perhaps, these investments were not appropriate for your portfolio because of a 'risk-free' strategy that you may have made clear to your broker.
Call Soreide Law Group to discuss with an attorney, free of charge, what your options are to potentially reclaim your investment at 888-760-6552.
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