Link to: Bernardi Asset Management Awarded Manager of the Decade & Top Guns Status
BAM Awarded Manager of the Decade status within the Municipals’ and Intermediate Maturity fixed income universes. The PSN Top Guns Manager of the Decade list includes the top ten performers for the latest 10-year period.
Muni SMA Strategies
Municipal Bonds: Local Impact
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Market Commentaries
Perspective for Advisors
Tax Loss Swap into an SMA
Now is an opportune time to take advantage of tax loss swaps and, potentially, swap into a separately managed account strategy away from fixed income mutual funds and ETFs. This likely will reduce your clients’ tax burden and enhance their municipal bond investment vehicle.
Previous: Opportunity in Taxable Municipal Bonds
Market Anxiety From One D-Word to Another
Because inflation remains above the Fed’s 2% target, monetary policy will remain restrictive for longer, placing further pressure on the economy. Investors’ concern about duration risk (maturity length) should pivot to the increasing threat of credit and default risk. Warren Buffett famously quipped “Only when the tide goes out do you learn who has been swimming naked.” The Fed has been the force causing the tide to ebb and
On Recent Market Turmoil and the Safety of Your Assets
The weaknesses and fragility of some become exposed during periods of turmoil; prior to recent events many believed bank runs were thought to be a thing of the past. The last two weeks reminded me financial instability is cyclically inherent to markets and human nature.
Over the past week, I reread several market commentaries we penned many years ago during periods of market turmoil. Here are a few excerpts we believe still apply today…