The Case for Buying Individual Muni Bonds
Excerpt from the article:
(July 2, 2026) Bond funds have been a boon to the municipal bond market, especially the exchange-traded variety, attracting investors seeking an economical vehicle for tax-exempt income. But are they the best choice for everybody?
Just as an increasing number of wealthy people are opting for so-called concierge medical services, well-heeled investors often can do better with a specialist who assembles and manages a bespoke package of munis for them. To be sure, funds, especially ETFs that charge as little as 0.03% to manage a broad, diversified portfolio of muni bonds, are a reasonable overall choice.
But there are advantages for those with muni holdings of $250,000 or more to opting for an individualized, actively managed portfolio, says John Mousseau, chief investment officer of Cumberland Advisors, a Sarasota, Fla., asset manager for individuals and institutions.
While that makes him not exactly disinterested in this question, there are unique aspects of the muni market he cites for his preference.
Click here to read the full article on the Barron's website.
John R. Mousseau, CFA
Chief Investment Officer
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