Original article by Debbie Carlson
Wesly Pate, senior portfolio manager at Income Research + Management, offered US News and World Report his views on why investors should buy municipal bonds issued outside of their home states. The value of tax exemptions have declined because interest rates are low, he explained, so investors should focus more on finding an attractive after-tax yield on the state level rather than worrying about any tax benefits by buying in their state.
On Thursday, BondBloxx partnered with Income Research + Management (IR+M) to launch the BondBloxx IR+M Tax-Aware Short Duration ETF (NYSE Arca: TAXX).
Veteran BlackRock portfolio manager Joseph Wolfe has come off of the $1.9bn BlackRock Large Cap Focus Value fund (MABAX) and the $7.8m BlackRock Global Impact fund (BGIMX), according to filings with the Securities and Exchange Commission (SEC).
Recent pricing on wholesale ABS deals for chains Wendy’s and Massage Envy illustrate differences on deals in this area of the market, reports Eikon.
