Neuberger Berman launches Neuberger Berman Municipal High Income Fund

By Tali Rackner

Norfolk, Va., June 24 – Neuberger Berman Group LLC announced the launch of its Neuberger Berman Municipal High Income Fund, offering investors a strategy that may serve as a complement to holdings in investment grade municipals and taxable high yield, according to a press release.

The group said it believes the trend to low interest rates will persist, supporting the case for the new fund.

The management team includes Jamie Iselin, head of Neuberger Berman's municipal fixed income group, co-managers Blake Miller and Eric Pelio, six research analysts and two traders.

"We believe that individual security selection, backed by our rigorous proprietary credit research, drives the performance potential for this fund," Iselin said in the release.

Neuberger Berman Group is an asset management company based in New York.

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