From Turbulence to Opportunity for Municipals

Although the first half of 2022 may have caused pain in the fixed income markets, it has created many opportunities in our opinion. While there may still be some market volatility as we move through this cycle, we believe municipal returns will be highly competitive with a variety of asset classes over the next couple years.

Hear our perspective on municipal outflows, rising interest rates, and where we are finding opportunities in our podcast featuring Nick Foley, Senior Portfolio Manager, and Mike Spitz, Director, National Accounts/Retail Distribution.

Key Takeaways

• We believe that we have seen the worst in municipal price losses.
• Municipal outflows have made liquidity challenging but have also created opportunities for active managers.
• Historically, municipals bonds have shown that they can have limited downside and even gains during Fed hikes.