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Lord Abbett Insights features topical discussions and insights from our investment professionals.

April 2013

Five Muni Considerations for 2013

After a rewarding year for many municipal bond investors in 2012, there is some uncertainty about what 2013 may have in store. Which factors should investors consider when evaluating this year’s tax-exempt opportunities?

Other Highlights from Insights

Market Insights: A Taxing Matter
The subject of replacing income taxes with sales taxes pops up periodically in Washington, D.C. While some states are pursuing such a move, a similar seismic shift at the federal level is unlikely to happen anytime soon, for several reasons.

Fund Insights Q&A: Intermediate Municipal Bonds May Be in the Sweet Spot
Increases in taxes and elimination of some deductions may have investors placing more emphasis on the tax benefits of municipal securities. Investors weighing the opportunities in the asset class may want to focus on the intermediate part of the market. Daniel Solender, Lord Abbett Partner & Director of Municipal Bonds, explains why.

More from Our Experts

Municipal Matters: The Zero-Sum Game of an Exemption Cap
The higher costs borne by customers and taxpayers could exceed any additional revenue for the federal government.

Municipal Matters: A Tale of Two States
The contrasting fiscal developments in California and Illinois demonstrate that states can effectively address their long-term issues and that the difficulties can mount for those that delay.

The Great Repression?
In the seven years leading to the financial crisis, debt loads in the Western economies ascended to unprecedented levels.

The opinions in the preceding commentaries are as of the date of publication and subject to change based on subsequent developments and may not reflect the views of the firm as a whole. This material is not intended to be legal or tax advice and is not to be relied upon as a forecast, or research or investment advice regarding a particular investment or the markets in general, nor is it intended to predict or depict performance of any investment. Investors should not assume that investments in the securities and/or sectors described were or will be profitable. This document is prepared based on information Lord Abbett deems reliable; however, Lord Abbett does not warrant the accuracy or completeness of the information. Investors should consult with a financial advisor prior to making an investment decision.