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Muni-Bond Investors Stick With Active Fund Managers Even as They Fall Short

FYI: Municipal-bond buyers are sticking by their mutual-fund managers, even though the chance that many of them will beat the market is no better than a coin toss.
Regards,
Ted
http://www.bloomberg.com/news/articles/2016-08-29/muni-bond-investors-love-fund-managers-even-when-they-fall-short
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