The financial markets have experienced a sharp rise in volatility of late, as investors wrestle with the uncertainty of central bank policy and the future direction of interest rates. With 10 year US Treasury rates rising to their highest yield in 15 months, mutual fund shareholders have redeemed shares at a level not seen since 2009: over $12 billion was redeemed last week alone. With $1.5 billion of that in tax exempt funds, the financial media often seeks out the perspectives of accomplished professionals who have demonstrated a proficiency in navigating these challenging market events. With such a pedigree, we are happy to share two recent articles where both the Wall Street Journal and Bloomberg News sought the opinion and perspective of Castleton Partners.
The Wall Street Journal | June 7, 2013
The Intelligent Investor: What’s Eating Your Munis? by Jason Zweig
Bloomberg News | June 12, 2013
Most Withdrawals of ’13 Ignore History of July Gain: Muni Credit by Michelle Kaske