The investment objective of this strategy is to minimize downside risk in any environment and maintain consistent quarterly after-tax total returns over a short to intermediate term investment horizon.
Product Categories: Municipal Fixed Income
Sage Advice Municipal Quarterly Market Review 1Q2020
With a higher probability of industry-wide downgrades over the coming year, sector allocation and rebalancing will remain focused on stable-to-improving sectors, including both general obligation and essential service revenue bonds rated A2 and higher. During these volatile and uncertain times, Sage remains focused on principal preservation, improving liquidity, and stable tax-free income generation.
“3 Reasons Bond ETFs are on the Rise” with BlackRock’s Karen Schenone
Sage interviews Karen Schenone, a Fixed Income Product Strategist at BlackRock, who talks about the growth of bond ETFs, trends in the bond market, and the 3 reasons why institutional investors are increasingly buying bond ETFs.
This podcast was recorded at Sage’s “Perspectives on the Future” Conference, a two-day event in Austin, Texas, that featured diverse thought leaders on geopolitical events, investment strategy, risk management, retirement policy and issues, women and investing, and sustainable investing.
You can find Schenone’s presentation here.
Five Questions to Ask your Municipal Bond Manager
May 6, 2019 — All things being equal, history has shown that bonds outperform cash over most time periods. Although municipal valuations are not super attractive right now, every asset class is rich and trading at or near their all-time highs.
Trust Accounts Benefit from Tax-Exempt Income
April 23, 2019 — Unlike the graduated federal income tax brackets that max out at 37% with taxable income at $500k or more, trust accounts benefit from owning municipal bonds at a significantly lower tax bracket.
Rising Taxes and Out-migration Trends: A Bad Budgetary Combo
April 1, 2019 — Numerous major metropolitan cities have experienced an economic boom over the past decade as the technology, energy, health care, and financial industries have flourished.
Now is the Time to Reduce BBB Credit Risk to Protect Against Principle Loss
March 18, 2019 — Due to an extremely strong technical environment, municipal yields have experienced a significant decline from the highs of 2018.
A Reason to Love the MTA
March 7, 2019 — Due in part to ongoing fiscal challenges, New York’s Metropolitan Transportation Authority (MTA) bonds are currently trading at attractive levels.
The Four Seasons of Muni Bond Investing
February 14, 2019 — Timing is everything. For a municipal bond investor, annual seasonal trends can provide great entry and exit points, if executed properly.
Valuations Become Attractive for Longer-Maturity Municipal Bonds
February 8, 2019 — With investor demand focused on the front end of the yield curve, longer maturities have been neglected, leading to a divergence from Treasury yield movements.