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    Muni Nation

    May 31, 2013

    H2Oh! – Part 2

    by Jim Colby, Portfolio Manager

    Despite water's ubiquitous nature, I believe there are compelling reasons for investors in the municipal market to consider how changes to this indispensable, natural resource might alter long-held views about the water sector.

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    Muni Nation

    May 24, 2013

    H2Oh! – Part 1

    by Jim Colby, Portfolio Manager

    Delivery of potable water is a high-quality, monopolistic enterprise and I believe it embodies the essential public purpose underpinning municipal finance.

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    Muni Nation

    May 16, 2013

    Reading the Flows

    by Jim Colby, Portfolio Manager

    Last week several reporting sources for fund flows recorded a change in course. Cash flowing into municipal bond funds in aggregate recorded the first positive week in the past two months. The monthly numbers are still negative but I believe the turn may signal that the rece...

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    Muni Nation

    May 10, 2013

    Green on Fertile Ground

    by Jim Colby, Portfolio Manager

    Municipal bond investors may not think of themselves as doers as much as they think of themselves as receivers (of tax-free income). I offer here an example of how muni investors can regard themselves as both by supporting green initiatives 1 when buying tax-free bonds.

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    Muni Nation

    May 03, 2013

    No Lake Wobegon for Munis?

    by Jim Colby, Portfolio Manager

    Lake Wobegon where all the women are strong all the men are good looking and all the children are above average. Garrison Keillor Shall we compare the municipal market to the fictional Lake Wobegon? This asset class continues in my view to exhibit solid stable characteristic...

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