The opportunities to "invest in America" will likely be plentiful over the next several years as the Trump administration continues to emphasize improving the nation's infrastructure. Yet, determining how to take advantage of such opportunities is challenging when the Federal Reserve is increasing interest rates and tax reform is debated in Washington.
In this commentary, Baird Advisors Senior Portfolio Manager Duane McAllister talks about the role the municipal bond market might play in rebuilding America's infrastructure as well as the collaboration that will be required of the public and private sectors for these efforts to succeed.
Investors should consider the investment objectives, risks, charges and expenses of each fund carefully before investing. This and other information is found in the prospectus and summary prospectus. For a prospectus or summary prospectus, contact Baird Funds directly at 866-444-9102 or contact your Baird Financial Advisor. Please read the prospectus or summary prospectus carefully before investing.
Some of the potential risks associated with fixed income investments include call risk, reinvestment risk, default risk and inflation risk. Additionally, it is important that an investor is familiar with the inverse relationship between a bond's price and its yield. Bond prices will fall as interest rates rise and vice versa.