Steven Wagner Discusses Municipal Bond Funds with U.S. News & World Report
Municipal bond funds are becoming an increasingly popular investment option among investors in high tax brackets, thanks to their tax savings and recent strong performance.
But with so many different types of municipal bond funds to choose from, which ones should investors consider adding to their portfolios? To answer this question, U.S. News & World Report recently spoke with Omnia Family Wealth Co-Founder and Chief Executive Officer Steven Wagner.
According to Wagner, his firm prefers to hold on to municipal bond funds that have a fixed income and short duration, so that the holdings mature in five years or less.
“With the yield curve as flat as it is, you don’t get paid really to take the risk on the long term,” explains Wagner. As a result, when selecting municipal bond funds, Wagner searches for ones with inexpensive fees in order to have fewer costs cutting into the returns.