Bridge over ocean
11 December 2018 Multimedia

Adding Value with Strategic Sales of Muni Bonds

  1. Andrew Kalotay, PhD
  2. Bob Dannhauser, CFA, FRM, CAIA

Advisers are well aware of the tax-exemption of interest paid by municipal bonds, but often overlook the opportunity to improve performance by executing tax-beneficial transactions rather than holding to maturity or call. These transactions fall into two broad categories — tax-loss selling and tax-rate arbitrage. In this webinar, Andrew Kalotay will discuss common mistakes made by advisers, identify bonds best suited for tax-beneficial transactions, and describe the analytical toolkit required to determine the optimal time to sell. The after-tax performance of municipal portfolios managed accordingly is expected improve by 20 to 30 basis points annually over a buy-and-hold strategy.


This is the archived version of a live webinar that took place 22 May 2018.


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