Are Muni Mutual Funds Being Played?
As the old Yorkshire saying goes, “Where there’s muck there’s brass.” What could be murkier than the municipal bonds that underlie muni bond mutual funds? I count 666 muni/tax-free mutual…
Massachusetts UI Borrowing Calculations
Massachusetts (MA) began 2020 with roughly $1.7 billion on deposit with the U.S. Treasury (UST) for Unemployment Insurance (UI). As of June 20th, that balance turned negative, ($766) million. Although…
Medium Article on Massachusetts Challenges
https://medium.com/@maxrottersman/get-your-sh-t-together-massachusetts-bf197c51a14b?source=friends_link&sk=70938e2fca0cac9a6f84ce6d4c3a5ba8
Massachusetts Unemployment Finances
Massachusetts began 2020 with $1.7 billion in its Unemployment Insurance (UI) Fund and $3.4 billion its rainy day fund. I estimate that the UI fund is now running a deficit…
Will Fed Actions Spook Retirement Assets Away From Mutual Funds?
It isn’t news that in the past decade, investors have been moving their assets from higher fee fund products to lower fee products. Since early 2019 a new trend may…
Mutual Fund Securities Lending Data — Preliminary
MaxDatabook has extended its data warehouse to include securities lending. Some preliminary findings. According to SEC filings, the average assets lent by mutual funds in 2019 was roughly $220 billion.…
Volatility Comes To Fund Town
What has been the net effect of the volatile markets on fund manager income statements? Because funds charge their fees daily, yesterday’s market prices only tell 1/20th of the story.…