Part of being an active manager is not only looking for assets that have an edge, are mispriced or are the next hottest thing, but also learning to avoid pitfalls and blind spots when it comes to municipal credit. In this Masters of the Muniverse episode of Bloomberg Intelligence’s FICC Focus podcast, Ben Barber, director of municipal bonds at Franklin Templeton, joins BI analysts Eric Kazatsky and Karen Altamirano to discuss municipal active management and best defensive and offensive strategies.