Join Jay McAndrew, an ETF specialist at Columbia Threadneedle, and Nicole Vance, a client portfolio manager specializing in municipal bonds, as they dive into the intricate world of municipal bond investing. They challenge Chicago's conventional financial ratings and share fascinating insights into navigating fiscal complexities post-election. Nicole reflects on her journey in fixed income while discussing promising tax-exempt investment opportunities. Explore strategies for high-yield municipals, the benefits of ETFs, and the role of technology in enhancing credit analysis.
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insights INSIGHT
Chicago's Credit Risk
Credit research is crucial in municipal bond investing.
Chicago is rated investment grade by agencies, but Columbia Threadneedle views it as below investment grade due to mismanagement and pension debt.
insights INSIGHT
Munis for Everyone?
Municipal bonds are not just for the wealthy.
They can fit various investor profiles depending on credit and duration needs, offering attractive tax-equivalent yields.
insights INSIGHT
Munis and Tax Implications
Demand for municipal bonds is driven by the desire for high tax-equivalent yields.
A potential drop in taxes under a new administration might reduce their relative attractiveness.
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Unlock the secrets of successful municipal bond investing with insights from industry experts. Join us as we promise to transform your understanding of the municipal bond market, featuring critical insights from Jay McAndrew, Columbia Threadneedle's ETF maestro, and Nicole Vance, a dedicated client portfolio manager. We tackle the financial intricacies of Chicago, challenging conventional ratings and exploring the impact of fiscal and monetary shifts post-election. Nicole shares her personal journey into the world of fixed income and municipal bonds, providing a passionate perspective on the opportunities and challenges within this sector.
Our conversation extends to the strategic intricacies of municipal bond investments, emphasizing the significant role of credit research and the seasoned approach needed in navigating this market. Explore the allure of tax-exempt investments amid political changes and tax reforms, and discover the potential sectors ripe for investment, such as utilities and charter schools. With a focus on evolving strategies, we highlight the market's shift towards mutual funds and ETFs, offering insights into high yield municipal funds and the unique prospects of the municipal market curve. Jay McAndrew further enlightens us on the benefits of the intermediate ETF approach, ensuring you're well-equipped to harness the full potential of municipal bond investing.
DISCLAIMER – PLEASE READ: This is a sponsored episode for which Lead-Lag Publishing, LLC has been paid a fee. Lead-Lag Publishing, LLC does not guarantee the accuracy or completeness of the information provided in the episode or make any representation as to its quality. All statements and expressions provided in this episode are the sole opinion of Columbia Threadneedle and Lead-Lag Publishing, LLC expressly disclaims any responsibility for action taken in connection with the information provided in the discussion. The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.
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