Muni SMA Strategies
Municipal Bonds: Local Impact
Company News
Ron Bernardi quoted in Bond Buyer article - June 10, 2019
Ron Bernardi quoted in Bond Buyer article - March 14, 2019
Bernardi Asset Management Named Top Guns Manager by Informa Investment Solutions - February 28, 2019
Ron Bernardi quoted in Bond Buyer article - March 14, 2019
Bernardi Asset Management Named Top Guns Manager by Informa Investment Solutions - February 28, 2019
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Check the background of Bernardi Securities or your investment professional on FINRA BrokerCheck
Market Commentaries
Quarterly Market Review
Tax-exempt bonds have enjoyed a strong first half of 2019, outperforming the taxable market for most of the year. The impetus for the rally is two-parted. Generally, yields have moved lower as many market participants expect 2-3 Fed rate cuts over the next 12 months due to a slowdown in international growth and…
REGULATION BEST INTEREST
The municipal bond market provides our economy with a deep pool of investment capital. Simply stated, Municipal Bonds Build America. Investor participation is high as both individual and institutional investors commit their savings to build our nation’s infrastructure: schools, town halls, county courthouses, airports, water and sewer treatment plants, recreation facilities, hospitals, and electric utilities to name a few projects. It is most often a long-term commitment, an important factor contributing to the deep, dynamic, and liquid municipal bond market….
Beware of the Average Benchmark
There are many facets and varieties of our active management approach to municipal bond portfolios. Credit analysis, ladder positioning, strategies offered, and tax-loss harvesting to name a few. Another important aspect of active management is the allocation to (and avoidance of) specific geographies relative to the benchmark. Considering the pitfalls of bond benchmark construction…