On Bloomberg’s ETF IQ – Alex Petrone Highlights Muni Bond Opportunities in High Tax Jurisdictions
A familiar favorite for investors seeking high tax-efficient income, municipal bonds, remain in focus—highlighted in a recent Bloomberg ETF IQ segment featuring insight from Alex Petrone, Head of Fixed Income at Rockefeller Asset Management.
Petrone discussed the potential advantages of investing in state-specific municipal ETFs, particularly in high tax jurisdictions, such as California and New York. The rationale is straightforward, according to Petrone. “It really boils down to taxes,” emphasizing that investors in high-tax states may benefit more from in-state municipal opportunities.
Petrone also noted the crucial role of active management in the municipal bond market. “What we love about the municipal market, why we lean into active, is it’s a highly inefficient market,” she added. Petrone discusses the importance of active management to lean into opportunities that arise from shifting market dynamics. An active approach may prove a crucial differentiator as we adapt to the evolving fiscal and economic landscape.
Watch the full interview here.
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