August/September 2012
Features
Spotlight: Municipal Bonds
Morningstar Conversation 52
Undiscovered Manager 60
Caution Is in the Wind
The municipal-bond rally shows signs of wear and tear.
38
Unraveling the Mysteries of Money
Chicago professors John Cochrane and Harald Uhlig debate money and economic policy during times of crisis.
Small Companies Mean the World to Him
Wasatch veteran Robert Gardiner starts a new firm but brings along his successful micro- and small-cap investing approach.
Lessons From the Muni-Bond Rebound
Investors should remember 2008’s historic downturn.
43
Municipal-Bond Landscape Shifts
Correlation with Treasuries is climbing back to precrisis levels, which should concern muni investors.
46
Municipal Bonds 101
Safety and tax exemption are traditional hallmarks of asset class, but the market has many challenges.
49
A Tale of Two Cities
An analysis of two obligors shows two municipalities at opposite ends of the credit spectrum.
3
Table of Contents for the Digital Edition of Morningstar Advisor - August/September 2012