FYI: (Click On Article Title At Top Of Google Search)
Leo Grohowski, BNY Mellon Wealth Management’s chief investment officer, has no interest in chasing the smoking-hot performances of the past—what he calls “chasing the hot dot”—but prefers instead contrarian calls, particularly when he thinks a dislocation has created mispricing in an asset class. Municipal bonds are currently attracting his interest, but Grohowski is looking beyond top-rated munis. The real play, he says, is in riskier, second-tier municipal bonds.
Regards,
Ted
http://www.barrons.com/articles/buy-mispriced-high-yield-municipal-bonds-1483162010
