Why Advisors Often Sacrifice Value in Muni Bonds
About the Episode
If there is one asset class where advisors have taken a do-it-yourself approach, it is municipal bonds. Advisors and their clients often buy individual muni bonds and hold them until maturity. But the muni market is very broad, diverse and complex – and those are the ingredients that favor professional management.
Guests and firm: Duane McAllister, Managing Director and Senior Portfolio Manager of the Baird Short-Term Municipal Bond Fund (BTMIX) and Baird Core Intermediate Municipal Bond Fund (BMNIX)
Notes: For more information about Baird Advisors, you can go to its web site.