Municipal bond exchange traded funds cratered in the second half of last
year due to Ben Bernanke's tapering talk. Nevertheless, that will
change in the coming year, says Jim Colby, Senior Municipal Bond
Strategist at Van Eck Global, because tax rates are still rising and the
Fed's actions are priced into the market. Furthermore, overall muni-
bond credit quality remains high even though fiscal problems in Detroit,
Illinois, and Puerto Rico are making headlines.
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