Lead-Lag Live

Jay McAndrew and Nicole Vance on Municipal Bond Strategies, Chicago's Financial Insights, and Tax-Exempt Investment Opportunities

Dec 19, 2024
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.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
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.
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.
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.
Get the Snipd Podcast app to discover more snips from this episode
Get the app