BlackRock, Inc. has recently launched its closed-ended fixed income mutual fund, BlackRock MuniVest Fund, Inc. The fund is managed by BlackRock Advisors, LLC and focuses on the fixed income markets of the United States. With a primary investment strategy targeting investment grade, long term municipal obligations, exempt from federal income taxes, BlackRock MuniVest Fund seeks to invest in securities with maturities of more than ten years. The fund, which was formed on September 29, 1988 and is domiciled in the United States, offers a strong option for investors seeking steady returns in the municipal bond market.