Investors may have jumped out of their tax-exempt bond funds at just the wrong time. They poured a net of $20 billion into municipal funds this year. Then, in late September, they changed their minds. So far this quarter, $7.4 billion has fled the scene, reports Robert Adler, president of AMG Dat... -
Now's the Time to Embrace Municipal Bonds
Investors may have jumped out of their tax-exempt bond funds at just the wrong time. They poured a net of $20 billion into municipal funds this year. Then, in late September, they changed their minds. So far this quarter, $7.4 billion has fled the scene, reports Robert Adler, president of AMG Dat...-
By Jane Bryant Quinn