Viewpoints by Cynthia M. Brown, Portfolio Manager at Manulife Investment Management

Cynthia was a municipal bond portfolio manager at John Hancock Investment Management. Prior to joining the firm in 2013, she worked at Sterne, Agee & Leach as a managing director of municipal research, GW&K as a director of municipal research, Dexia Bank as a head of municipal credit risk management, Advest as a director of municipal research, and MFS Investment Management as a portfolio manager and head of high-yield research. Cynthia earned a B.A. from Boston University and obtained membership in the National Federation of Municipal Analysts, the Boston Municipal Analysts Forum, and the Society of Municipal Analysts.
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Expect continued muni bond volatility heading into 2017
We see a number of headwinds for municipals in 2017, including pension liabilities, uncertainty around President Trump’s policies, more hawkish Fed policy, and global macro uncertainties.
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