Historic Buying Opportunity for Municipal Bonds

Meghan Shue |
Wilmington Wire
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March 23, 2020—It’s been a bruising few weeks in financial markets, with virtually no asset class left unscathed. Investment-grade municipal bonds—typically thought of as a safe haven that should help weather volatility in riskier asset classes like equities—have seen a significant amount of volatility. We have taken note of a historic buying opportunity within the municipal bond market, and we have adjusted our portfolio allocations to take advantage of any price dislocations.

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Covid-19 and the Economy: How Bad Could it Get?

Luke Tilley |
Wilmington Wire
American President with face mask against CoV infection. 100 dollar banknote. Coronavirus in United States. Concept quarantine and recession. Global economy hit by corona virus outbreak and pandemic

March 20, 2020—The COVID-19 pandemic is going to hit the U.S. and world economies hard, that much is clear. But the clarity stops there. As we witness the rapid spread of the disease and the ensuing mitigation efforts, we face immense uncertainty about the ultimate economic impact, and, hence, the impact on financial markets.

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Portfolio Rebalancing: A Powerful Tool in Volatile Markets

Tom Pierce, CFA® |
Wilmington Wire
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March 20, 2020—Asset allocation is about balancing risk and reward. A disciplined investment approach encourages investors to trim asset classes that have outperformed the rest of the portfolio over some period and increase the allocation to asset classes that suffer temporary underperformance, a strategy known as portfolio rebalancing. This process serves two important purposes for investors. First, it can increase potential future returns by “buying low” (i.e.

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