After a series of challenging years, muni bonds are returning to the “old normal,” with higher income and big price differences between good and poor quality securities. Veteran muni manager Robert DiMella explains why investors can benefit.
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ROBERT DIMELLA
Co-Head, MacKay Municipal Managers
ACTION POINT
DIMELLA: TAKE A CONTRARIAN APPROACH
ONE INVESTMENT
DIMELLA: MUNICIPAL BOND INSURANCE
BUY INSURED WRAPPED BONDS
- Municipal bonds with an insurance policy wrapper
- Reasonably priced
- Extra layer of credit protection
- Added liquidity