Financial Planning News
Sun, 13 Jan 2013
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After heavy flows into fixed income in 2012, investors likely won't see strong capital appreciation in bonds in 2013, says Morningstar's Mike Rawson.
Munis have faced both interest rate and credit risk pressures, but at current levels, this varied asset class is worth considering, especially for those in higher tax brackets, say Morningstar's Candice Lee and Eric Jacobson.
Morningstar's Miriam Sjoblom discusses how to gauge whether a muni fund is more apt than a taxable- bond fund, yield risks and other key focus points, and some of her muni -fund recommendations.
Munis have somewhat recovered so far this year, but investors need to mind all of the rate, credit, and valuation risks inherent in muni bonds and funds.
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