The strength of the municipal market in 2014 caught many analysts off guard as the unexpected and historic decline in long-term yields heightened demand and made for an attractive year that was highlighted by 9% returns.
Municipals delivered solid performance overall thanks to the strength of the long duration and high-yield segments of the $3.63 trillion municipal market.
Municipals delivered positive returns for the 11th straight month, returning 0.77% in November, Justin Hoogendoorn, CFA and managing director at BMO Capital Markets wrote in a monthly bond market outlook report dated Dec. 15.
Total returns stand at 9.14% this year, which is boosted to a tax-adjusted 11.67%, he said.
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The D2 Capital Management Tax Free Income Portfolio is currently yielding 4.66% (Trailing 12 month Tax Equivalent Yield at 28% Tax Bracket, as of 23 December 2014). Year to date the portfolio is up 9.50%
The views expressed here are that of myself or the cited individual or firm and do not constitute a recommendation, solicitation, or offer by myself, D2 Capital Management, LLC or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service. D2, its clients, and its employees may or may not own any of the securities (or their derivatives) mentioned in this article.
The Jacksonville Business Journal has ranked D2 Capital Management in the top 25 of Certified Financial Planners in Jacksonville. The Firm is also a member of the Financial Planning Association of Northeast Florida, the Jacksonville Chamber of Commerce, the Southside Businessmen's Club, and the Beaches Business Association.
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