Tap into Higher After-Tax Income Potential

Wednesday, October 13, 2021 2:00 pm EDT | 11:00 am PDT | 7:00 pm BST

This replay will be available shortly.

CFRA and PIMCO to explored how to tap into tax-advantaged income opportunities amid low yields and potentially higher taxes. Todd Rosenbluth, CFRA Head of ETF and Mutual Fund Research, and David Hammer, head of PIMCO’s municipal bond portfolio management, discussed how actively managed muni bond ETFs aim to deliver more attractive tax-advantaged income and return potential than traditional passive muni ETFs that dominate the marketplace for a tactical increase in risk.


Discussion topics will included:

  • How MINO, PIMCO’s “core plus municipal strategy¹” ETF, has the flexibility to capture opportunities across investment grade and high yield munis to offer compelling risk-reward potential.
  • Why an allocation to high yield munis may boost tax-advantaged income potential for a tactical increase in risk.
  • How actively managed ETFs can help exploit opportunities in the highly inefficient muni market.

Speakers

Todd Rosenbluth

Head of ETF and Mutual Fund Research, CFRA

Todd Rosenbluth is Head of ETF and Mutual Fund Research at CFRA, where he leads the firm’s holdings-based research efforts. Todd publishes regular thought leadership content on equity and fixed income products, supports the quantitative fund models and interacts with clients.  He also serves as a member of CFRA’s Investment Policy Committee. Todd has frequently provided ETF education at Inside ETFs conferences and been quoted in media outlets, such as Barron’s, New York Times and the Wall Street Journal. He also held the position of Senior Director of ETF and Mutual Fund Research for S&P Global Market Intelligence.

David Hammer

Managing Director and Head of Municipal Bond Portfolio Management, PIMCO

Mr. Hammer is a managing director in the Newport Beach office and head of municipal bond portfolio management, with oversight of the firm’s municipal investment grade, high yield, taxable, and separately managed accounts. He is the lead portfolio manager on PIMCO’s municipal bond fund complex, including investment grade, high yield, state-specific, closed-end funds, and interval fund. Prior to rejoining PIMCO in 2015, he was a managing director at Morgan Stanley, where he was head of municipal trading, risk management, and research. He has 18 years of investment experience and holds an undergraduate degree from Syracuse University.
 

 

¹"Core plus municipal strategy” is defined as a strategy that invests in both high yield and investment grade municipal securities while a “core municipal strategy” only invests in investment grade municipals.

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CMR2021-0902-1824819

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