Authored by RSM US LLP. PBMares is a member of RSM US Alliance.
INSIGHT ARTICLE |
High-quality municipal bonds have long played a key role as a source of stability and tax-exempt income in a well-diversified portfolio. However, investors have questioned whether economic and budgetary stresses resulting from the COVID-19 pandemic will upset the historical safety and soundness of municipal bonds. While the economic slowdown will certainly have an impact and will test some segments of the municipal market, we believe that municipal bonds have a long history of capital preservation in stressful periods and enjoy a number of foundational strengths that support their role as a core part of a strategic asset allocation.
This article was written by Keith Lamoutte and originally appeared in the 2020-06-29.
2020 RSM US LLP. All rights reserved.
https://rsmus.com/what-we-do/services/wealth-management/municipal-fixed-income-in-a-post-covid-19-world.html
RSM US Alliance provides its members with access to resources of RSM US LLP. RSM US Alliance member firms are separate and independent businesses and legal entities that are responsible for their own acts and omissions, and each are separate and independent from RSM US LLP. RSM US LLP is the U.S. member firm of RSM International, a global network of independent audit, tax, and consulting firms. Members of RSM US Alliance have access to RSM International resources through RSM US LLP but are not member firms of RSM International. Visit rsmus.com/aboutus for more information regarding RSM US LLP and RSM International. The RSM(tm) brandmark is used under license by RSM US LLP. RSM US Alliance products and services are proprietary to RSM US LLP.