Subscribe to get MacKay Shields insights delivered to your inbox.
Wait, aren’t all municipal bonds tax exempt? Bob Burke, Portfolio Manager on the MacKay Municipal Managers team, answers this and other questions investors have around taxable municipal bonds.
When investors contemplate about including municipals in their portfolios, they believe it’s already covered with their core managers. So then should investors look to be exposed directly to these funds or through a specialized managers?
What are some of the lessons learned from the inclusion of high yield corporates and how are they similar to taxable and tax exempt municipals?