Most investments lost ground in 2015’s volatile markets and continue to do so this year. One of the few asset classes to deliver positive results was municipal bonds. What’s the outlook for this year? Robert DiMella, co-head of award winning MacKay Municipal Managers and Portfolio Manager of several five star rated muni funds shares his forecast and strategies.
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Municipal bond investors fled the market in droves last year after scary headlines about bankruptcy in Detroit, credit problems in Chicago and Puerto Rico’s refinancing woes. Their indiscriminate selling created opportunities for this week’s guests. Muni fund portfolio managers Robert Amodeo and Robert DeMella explain why they pay so much attention to investor behavior.
On this week’s WEALTHTRACK, the rising appeal of muni bonds. Despite some negative headlines, top fund managers Robert Amodeo of Western Asset Management and Robert DiMella of MacKay Municipal Managers say there are opportunities to be had in munis. Continue Reading »