Quantifying the cost of the recent mass exodus from muni bond funds


Barnet Sherman, director and portfolio manager of the TIAA-CREF Tax-Exempt Bond Fund, is a regular contributor to the Intelligent Investing series on forbes.com. In his latest post, Barnet explains how investors sometimes can collectively become their own worst enemies when selling into shaky markets. By taking a closer look at investor behavior and interest rate movements from May-June, Barnet measured how portfolio losses can mount when fear overtakes reason in the muni marketplace.

To learn more about recent market events, read Barnet’s latest post .