As tailwinds from the country’s new tax code (the 2017 Tax Cuts and Jobs Act “TCJA”) and low interest rates persisted in 2019, municipal bond funds experienced strong flows and solid performance. Heading into 2020, there are clear and distinct reasons why the asset class remains an attractive solution for investors. With yields touching all-time lows, capturing a reasonable income stream is harder than ever.

Eric Snyder, Director of Product Management at New York Life Investments, examines how municipal bonds remain an excellent source of tax-free income, total return potential and diversification.