4/12/2010

Vanguard Group, Franklin Templeton Investments and other big institutions that own municipal bonds added to their holdings last year as the debt of state and local governments emerged as a preferred asset. Vanguard bolstered its holdings to $79.8 billion, overtaking Franklin Templeton as the largest institutional holder of municipal bonds. Many factors, including overall growth in the market, helped institutional ownership increase in 2009

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