James Dearborn is the managing director responsible for the municipal bond team at Columbia Management Investment Advisers, LLC (CMIA). The group manages more than 30 mutual and common trust funds, as well as numerous institutional and high net worth accounts. Mr. Dearborn joined the firm in 1996 and has been a member of the investment community since 1986.
Prior to joining the firm, Mr. Dearborn worked at Moody’s Investors Service as a senior analyst in the state and high profile rating group. He was also a member of the firm’s rating committee. Mr. Dearborn earned his B.A. from Wesleyan University in Connecticut and received his M.A. in public administration from the Maxwell School of Citizenship and Public Affairs at Syracuse University.
New and higher taxes will increase what many owe Muni bonds can help mitigate your tax bill Muni yields are attractive vs. many other investment options With tax season fully upon us, many Americans are about to realize the harsh realities of the new tax environment that came into effect January 2013 with the passage
Volatile ratings leave retail investors at risk Retail investors could pay higher prices Deck is stacked against retail investors With an increasing focus on the benefits of owning municipal bonds — attractive after-tax yields, low historical default rates and relatively low volatility — investors are again considering purchasing individual muni bonds. But the deck may be stacked against
In recent months there has been a lot of concern and anxiety in the municipal bond market, and investors remain skittish. Although the general trend in municipal credit is positive, investors should be mindful of the risks associated with Puerto Rico municipal bonds. We believe the combination of high tax equivalent yields, increasing tax rates,
December 3, 2013 — a seminal day in muni pension discussion. Ghost of Christmas Past – good times were had by all. Ghost of Christmas Present – sobering reality as negotiations continue to go nowhere. Ghost of Christmas Yet to Come – rising above the Detroit debacle. In the annals of public finance history, December
As muni bond prices fell and yields soared in recent months, fear and uncertainty kept investors away. Amidst the unprecedented fear-based sell-off, the fundamentals of the muni bond market continue to strengthen. Bypassing muni bonds may mean missing out on today’s attractive long-term buying opportunities. Tax-free income is a big reason why so many investors have
The views expressed in this material are the views of the author through the date of publication and are subject to change without notice at any time based upon market and other factors. All information has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information and it should not be relied on as such. This information may contain certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those discussed. There is no guarantee that investment objectives will be achieved or that any particular investment will be profitable. Past performance does not guarantee future results. This information is not intended to provide investment advice and does not account for individual investor circumstances. Investment decisions should always be made based on an investor's specific financial needs, objectives, goals, time horizon and risk tolerance. Please see our social media guidelines.