What's a Muni Portfolio Manager To Do?

Event Date: 
November 18, 2020

Tax-Affected Price Movements of Bonds Near Par

Muni portfolio managers recognize that the de minimis tax effect depresses the prices of discount munis. In fact, the effect kicks in even before the price falls below par. But the practical implications often go unheeded. So what’s a portfolio manager to do? Our panel of experts will take you through the theory behind the price movement of munis near par. They will discuss how systematically implemented tax-aware analytics can provide the portfolio manager with the tools to cope with this challenge.

Andrew Kalotay, President, Kalotay Analytics
Guy Davidson, Chief Investment Officer, AllianceBernstein
Raj Verma, President, RiskGrid Technologies

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