Advisors are bullish over Build America Bonds and are increasingly steering their clients towards the taxable-bond program, according to Daisy Maxey, in today's Wall Street Journal's Fund Track.

According to Maxey, advisors are currently using the muni-debt instruments in their clients' portfolios of clients in lower tax brackets and for tax-free institutional investors. Unlike many municipal bonds, Build America Bonds' income is subject to tax, but the federal government subsidizes 35 percent of the interest cost of the bonds.  

Edited by: Hung Tran


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