Despite dire warnings of imminent government collapse, since the middle of 2009, only three municipal issues in the “safe” sectors--general obligation, tax backed and essential services—have defaulted, according to Municipal Market Advisor’s data.
But with money fleeing municipal funds--investors yanked $2.9 billion last week, according to Lipper, and $15.2 billion over the past six weeks — the biggest outflow over any six-week period ever, your clients may be asking you if they should hold tight. Or see the flight as an opportunity and buy.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access