BlackRock: BlackRock launches high yield municipal interval fund

BlackRock has launched a high yield municipal interval fund which will be available to its retail wealth clients. The BlackRock Municipal Credit Alpha Portfolio seeks to provide attractive after-tax total return through income and capital appreciation, by investing in municipal securities. The fund's institutional share class (MUNEX) is launching with a 5.75 per cent annualised [...] The post BlackRock launches high yield municipal interval fund appeared first on Alternative Credit Investor.