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By Steven Permut & David Moore - March 2020
Notes from the Municipal Bond Desk
Higher inflation is on the horizon, underscoring the importance of seeking potential purchasing power protection with TIPS.
Research-focused management gives investors exposure to the muni market's broad diversity and tax-advantaged performance potential.
In our view, spread trends indicate opportunities abound among lower-quality munis.
Investment return and principal value of security investments will fluctuate. The value at the time of redemption may be more or less than the original cost. Past performance is no guarantee of future results.
The opinions expressed are those of American Century Investments (or the portfolio manager) and are no guarantee of the future performance of any American Century Investments' portfolio. This material has been prepared for educational purposes only. It is not intended to provide, and should not be relied upon for, investment, accounting, legal or tax advice.
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