Want to create an interactive transcript for this episode?
Podcast: Money Life with Chuck Jaffe
Episode: Allspring's Venditti on why munis are a safe haven against war concerns now
Description: Nick Venditti, senior portfolio manager and head of the municipal fixed income team at Allspring Global Investments, says that in a world worried about the macro picture and geopolitics, municipal bonds are a safe haven that is almost completely unaffected by global strife. The sector is delivering reasonable yields and is "fundamentally very strong from a bottom-up credit perspective," Venditti says, calling it a "no-brainer, free lunch kind of trade" for investors to move from money-market funds to short-term muni bonds, where rates are better and tax benefits create a boost on return. Â Â John Cole Scott, President of...