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FYI: Seismic shifts in the municipal bond markets and the portfolios of award-winning muni manager Robert DiMella.
The nearly $4 trillion dollar municipal bond market is attracting record amounts of investor money. Year-to-date more than $40 billion has poured into municipal bond funds, one of the highest inflows on record.
One key factor for muni’s attractiveness is the higher taxes being paid by many individual taxpayers following the tax reform bill, which was passed in 2017 but took effect in 2018.
The combination of higher tax rates and a dearth of income globally are adding to the allure of municipal bonds.
