Summary
- We believe the investing public appears to already be anticipating higher taxes and are currently favoring tax-exempt income solutions, based on fund inflows.
- Currently, high yield municipal bond defaults are actually on the decline as cities and states re-emerge from some COVID-19 restrictions.
- By imbedding the portfolios into an ETF structure represented by shares traded on an exchange, we believe the liquidity for buyers and sellers is enhanced.
Seeking Alpha
May 26, 2021