Investment strategies

The value of the municipal bond market decreased by 4.3% in the third quarter of 2022, said Pat Luby, a strategist at CreditSights.

Retail investors may be moving out of municipal bond mutual funds and into separately managed accounts, largely due to the headline shock of the massive outflows from the funds, participants say.

Largely attributable to Fed interest rate increase-led volatility, outstanding municipal bonds lost $300 billion of market value in the first quart of 2022, a Municipal Securities Rulemaking Board report said.

As ETFs take a larger bite of the market, VanEck discusses how sustainable investing will contribute to the muni space.

ESG investing has grown complex enough that it’s time we recognize what strategy or product is best suited for a given situation.

Recognizing what ESG strategy or product is best suited for a given situation is a crucial first step for the market to establish long-needed standards and guide usage into the effective outcomes participants wish to see.

For investors who want a customized portfolio and a greater ability to control taxable events, SMAs may be the product they're searching for.

The platform allows advisors to tailor portfolios that have characteristics including state-specific credits, ESG considerations, duration targets and other criteria.

Experts explore the E, S and G and what it means for issuers and investors.

Modern economic growth in the U.S. is dependent on credit creation — which has perpetuated a cycle of suppressed yields and inflated asset prices. While credit creation has been accelerating away from GDP growth for the last 15 years with no signs of stopping, retirement investors are left in the intractable situation of watching the value of their savings erode. What can be done?

The deal qualifies as both an environmental impact bond and as a green bond under the International Capital Market Association's Green Bond Principles.

Obtaining substantial new money for green infrastructure is still difficult, and the more innovative the projects, the harder they are to finance. Environmental impact bonds can help.

The lineup of exclusively short-duration fixed-income products, taxable and municipal, still managed an overall gain.

The top 20 performers nearly doubled the gains of their peers over the period.

Social bonds represent a new milestone in the education space and a key to unlocking the door to impact investments.

The increasing focus on ESG and innovation in the municipal market continues to grow as investors and issuers navigate a changing global market for state and local government debt amid COVID-19.

Ann-Charlotte Eliason, head of Nasdaq's Sustainable Bond Network, and Emily Robare, who leads ESG credit analysis for Gurtin, a PIMCO company, talk the current state and future of ESG, social, green and impact investing in munis through the lens of both domestic and international investors. Lynne Funk hosts. (38 minutes).

Chris Brigati, managing director of Advisors Asset Management talks about approaching the market with strategies in mind, but adapting to the realities of today. He shares concerns over liquidity and the challenges for cautious investors. The session was recorded two weeks ago. John Hallacy hosts.

The 2017 Tax Cuts and Jobs Act continues to influence the composition of the municipal bond market.