Morgan Stanley Insured Municipal Securities posts

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High returns from tax-free muni bond funds

This post is part of a 12-article feature that can be read here: Today's best income ideas.

"You don't have to be in the upper tax bracket to rake in higher returns from these tax-free bonds," says income expert Carla Pasternak.

In her High Yield Investing, she looks two favorite vehicles: Morgan Stanley Insured Municipal Securities (NYSE: IMS), with a tax-equivalent yield of 7.9% and Western Asset Municipal High Income Fund (NYSE: MHF), with a tax-equivalent yield of 11.1%.

Continue reading High returns from tax-free muni bond funds

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Last updated: May 27, 2012: 04:59 AM

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