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Title: The Woo Group RBC Wealth Management Hong Kong USA - Turbulence Ahead? - PowerPoint PPT Presentation
Description: Monthly Overview – Turbulence Ahead? A late-month rally allowed munis to post positive performance numbers in June, returning 0.09%. For 2014, performance has been an impressive 6.00%. However, recent monthly returns have been on a declining trend, and we think munis will likely struggle to duplicate the strong H1 2014 performance. Coincidentally, this slowdown in performance comes as the Federal Reserve enters a period where it could be considering how to best communicate its monetary policy “exit” strategy without invoking a repeat of the 2013 “taper tantrum.” – PowerPoint PPT presentation
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