"Road shows" mounted by municipal bond issuers leave a lot to be desired, according to a portfolio manager at the Putnam Cos.

"Most of them are like presidential debates: They tend to reinforce existing opinions." Triet Nguyen, a senior vice president at the firm, told a gathering of public finance professionals on Thursday. He spoke as part of a panel on investors relations at the Bond Buyer's Municipal Finance Conference at the Crowne Plaza Hotel in New York City.

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