Managing Director, Head of Municipal Credit Research
James Schwartz, CFA, Managing Director, is a member of Americas Fixed Income within Alpha Strategies. He is Head Credit Research Analyst on the Municipal Credit Research Team. He is a member of BlackRock's Municipal Bond Operating Committee, which oversees all municipal bond portfolio management, research and trading activities.
Mr. Schwartz's service with the firm dates back to 1990, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, he oversaw research efforts for long-term municipal bond funds, defined asset funds, and private investor portfolios. Earlier, he was a Senior Analyst specializing in high yield bonds and a Project Manager for the technology department. Prior to joining MLIM, he was a Senior Financial Analyst for the Chubb Group of Insurance Companies.
Mr. Schwartz earned a BA degree in economics from Rutgers University in 1987 and a MBA degree in financial management from Monmouth University in 1994.
Budget season for many state and local governments will reach a boil in June, contributing to noise in the municipal bond market. But BlackRock muni pros suggest the summer months should bring greater calm and demand for the tax-exempt asset class.
Overall creditworthiness among state and local issuers of municipal debt remains strong. But investors might expect more headlines around stressed names as budget battles and court challenges over pension reform persist this summer.
Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained visiting the iShares ETF and BlackRock Mutual Fund prospectus pages. Read the prospectus carefully before investing.