Caution Pays Off With Positives for Joe Deane's Five Funds

Fine, Jacob
August 2003
Bond Buyer;8/27/2003, Vol. 345 Issue 31707, p7
Trade Publication
Reports that only a smattering of municipal bond mutual funds have managed to eke out positive total returns since mid-year 2003 and the top five funds were all structured by Joe Deane, a managing director at Citigroup Asset Management Inc. in New York, to lessen the impact of rising interest rates. Consequence of the stance taken by Deane in the first half of 2003; Impact of the ascending municipal bond yields on the funds; Returns gained by the funds structured by Deane; Other funds whose share classes produced positive returns.


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