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DIMELLA: MUNI ADVANTAGE
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.
CONSIDER A MUNICIPAL BOND FUND FOR THE TAXABLE PART OF YOUR PORTFOLIO
CONSIDER A MUNICIPAL BOND FUND FOR THE TAXABLE PART OF YOUR PORTFOLIO MUNI ADVANTAGE Tax exempt from federal taxes Some are exempt from state and local taxes Pockets of municipal bond opportunity offering secure and attractive yields and returns Can be a minefield financially and politically Watch the related WEALTHTRACK episode.
MUNICIPAL MANAGEMENT STYLE
Award winning municipal bond fund manager Bob DiMella runs several 5-star rated funds including MainStay New York Tax-Free Opportunities Fund and MainStay California Tax-Free Opportunities Fund. His work analyzing state finances gives him an inside view of how well different governors manage. Two states stand out, one positive and one negative. Both have governors with […]
Kleinschmidt: Exclusive Strategy
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THINK LIKE A CONTRARIAN FOR A PORTION OF YOUR PORTFOLIO
THINK LIKE A CONTRARIAN FOR A PORTION OF YOUR PORTFOLIO Look at most beaten-up markets, industries and stocks Find highest quality companies or funds in them Battered areas to consider nibbling in: Commodities: metals and mining Emerging markets such as China High-yield bonds: especially energy firms Watch the related WEALTHTRACK episode.
