Secure session not cleaning...
Municipal bankruptcies highlight the need for solid bond research
- Despite recent headlines, municipal bankruptcies are rare and expected to remain so
- We believe high-quality municipal bonds continue to offer value—particularly to high-income earners—because of their tax-exempt status
- Our research-intensive investing approach has helped our managers to steer clear of troubled municipal debt issues in client portfolios
- Local government challenges demonstrate the importance of active management and professional research when investing in this area of the market