Not the Time for Home Runs in Muni Market
PIMCO's Joe Deane thinks municipal bonds look attractive but that investors should remain cautious and stick to shorter maturities and higher-rated bonds.
Miriam Sjoblom: Hi. I'm Miriam Sjoblom, associate director of fund analysis at Morningstar. And I am here today with veteran muni manager Joe Deane, who surprised the mutual fund industry this summer when he joined PIMCO to lead up PIMCO's municipal bond portfolio management.
So, thanks for taking the time to meet with us today, Joe.
Miriam Sjoblom does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.