Archive for July, 2019
IF YOU’VE WON THE GAME, STOP PLAYING
NEW THIS WEEK… Influential investment advisor and author Bill Bernstein shares key insights with Morningstar’s Christine Benz and Jeff Ptak in their new podcast series “The Long View” which they are sharing with us on WEALTHTRACK this week.
GUEST INFO:
WILLIAM BERNSTEIN
- Neurologist and Co-Founder,
- Efficient Frontier Advisors
CHRISTINE BENZ
- Director of Personal Finance,
- Morningstar
JEFF PTAK
- Global Director of Manager Research for Morningstar Research Services,
- Morningstar
More about and subscribe to The Long View podcast.
Christine Benz from the WEALTHTRACK Archives:
Municipal Bond Markets Are Attracting Record Amounts of Investor Money
This page is here for technical reasons. Please click here for the episode page.
LOOK INTO TAXABLE MUNICIPAL BONDS
- High credit quality as a group
- Higher quality than corporate bonds
- Offer roughly the same income
DIMELLA: FLIGHT PLAN
FLIGHT PLAN
The award-winning municipal bond fund manager, Robert DiMella has his pilot’s license and flies regularly in his spare time. He says there’s a connection between flying and running multi-billion dollar bond portfolios.
MUNICIPAL BOND MARKETS ARE ATTRACTING RECORD AMOUNTS OF INVESTOR MONEY
Seismic shifts in the municipal bond markets and the portfolios of award-winning muni manager Robert DiMella.
The nearly $4 trillion dollar municipal bond market is attracting record amounts of investor money. Year-to-date more than $40 billion has poured into municipal bond funds, one of the highest inflows on record.
One key factor for muni’s attractiveness is the higher taxes being paid by many individual taxpayers following the tax reform bill, which was passed in 2017 but took effect in 2018.
The combination of higher tax rates and a dearth of income globally are adding to the allure of municipal bonds.
On this week’s program, top muni fund manager Robert DiMella says there are other factors at work as well which are causing a seismic shift in the municipal bond market and a significant change in strategy at his firm.
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