Municipal bankruptcies highlight the need for solid bond research


Key Points

  • 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

Quarterly Commentary

Q1 2015

Click here to read the Spring 2015 issue of Quarterly Insights, which looks at the latest advances in cancer treatments and offers advice for talking with your kids about money.