Fixed income portfolio managers Mark Marinella and Karl Zeile discuss the outlook for U.S. municipal bonds in light of sweeping federal tax changes. They offer their views on whether muni bonds are still attractive under the new tax regime, as well as the importance of fundamental research in a credit-driven market.


Mark Marinella is a fixed income portfolio manager with 33 years of experience. Prior to joining Capital Group in 2013, Mark was a global chief investment officer for fixed income and currencies at State Street Global Advisors. He holds an MBA from Boston College and a bachelor’s from the University of Massachusetts.

Karl Zeile is a fixed income portfolio manager with 28 years of experience. He also serves on the Fixed Income Management Committee. Karl holds a master’s in public policy from Harvard and a bachelor’s from Valparaiso University.