Baird Advisors Featured on NAPFA Advisor

In the June edition of NAPFA Advisor, Baird Advisors Senior Portfolio Manager Duane McAllister shared his thoughts on municipal debt opportunities for infrastructure financing in an article titled “Infrastructure-related opportunities for municipal bond investors.” Following is an excerpt:

“Even if corporate and personal tax rates are reduced, as has been proposed, municipal debt is very likely to remain a core fixed income asset.”

“Individual investors, who remain the dominant player in the tax-exempt municipal market, will continue to benefit from the tax exemption, regardless of the top marginal income tax rate.”

Read the full NAPFA Advisor article.


Past performance is no guarantee of future results. All fixed income investments carry a variety of risks such as interest rate risk, credit risk, inflation risk, liquidity risk, and loss of principal.  In a rising interest rate environment, the value of fixed-income securities generally decline and conversely, in a falling interest rate environment, the value of fixed income securities generally increase.  Ratings are measured on a scale that ranges from AAA or Aaa (highest) to D or C (lowest). Investment grade investments are those rated from highest down to BBB- or Baa3. High yield securities may be subject to heightened market, interest rate or credit risk and should not be purchased solely because of the stated yield.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which should be read carefully before investing.