Lipper's municipal bond fund index is lower

Wed Feb 13, 2013 2:09pm EST

Feb 13 (Reuters) - Lipper, a Thomson Reuters service, said on Wednesday that its municipal index for Tuesday was lower compared with the previous day.

The final Lipper General Municipal Debt Fund Index was 1,122.070, down 0.210 or 0.019 percent, from the previous day.

The General Municipal Debt Fund Index is an equally weighted performance index, adjusted for capital gains distributions and income dividends of the largest qualifying funds in this investment objective.

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California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

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