Municipal Bonds: The Ideal Late Cycle Asset Class

JB Golden, EVP and Portfolio Manager, AAM met with Julie Cooling, Founder & CEO, RIA Channel to discuss the late cycle benefits of municipal bonds. As portfolio manager of AAM’s Core Tax-Exempt Strategy, Golden leverages municipal bonds to generate tax-exempt income with a dual emphasis on capital preservation. The relatively low default rates and high levels of income make “municipal bonds a good late cycle haven,” says Golden. The $320 million strategy is available through separately managed accounts or unified managed accounts.  Golden explains the SMA format as a way to grant access to individual securities, as well as provide complete customization based on client goals or location. Advisors Asset Management or AAM, represents roughly $27 billion in assets and provides a wide range of investment solutions.  To learn more, head here.