"There has been one overriding theme driving performance from the get-go in 2014: the supply-demand imbalance…. I see supply imbalance continuing throughout the remainder of 2014 and perhaps into the first quarter of 2015."
Jim Colby, Portfolio Manager, Market Vectors® Municipal Bond ETFs, reviews municipal marketplace performance year-to-date and highlights municipal credit quality and the impact of Puerto Rico on the municipal bond space. Read the full transcript and disclosure: vaneck.com/videos/muni-view-from-eighth-month/
"[The] ratio of municipal credit rating downgrades to upgrades continues to narrow. That means that fundamentals at the local level are improving [and] credit quality is improving."