How municipal bonds fit in an investment portfolio

Municipal bonds are seen as providing stable tax-free income and higher quality than corporate bonds due to their historically low default rates. Municipal bonds may also provide diversification due to their low correlation with other asset classes such as U.S. equities and taxable bonds. Associate Portfolio Manager Dennis DiCicco discusses how municipal bonds may fit within an overall investment portfolio.

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This material does not constitute tax, legal, or accounting advice, is for informational purposes only and is not meant as investment advice. Please consult your tax or financial advisor before making any investment decisions. 
 
Diversification does not guarantee a profit or eliminate the risk of a loss.

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