HIGHLY EXPERIENCED SPECIALIST MUNIS TEAM
EXPLOITING OPPORTUNITIES IN A FRAGMENTED MARKET
In our view, the idiosyncrasies of municipal bonds, such as hedging considerations and lower daily liquidity, requires demonstrated expertise.
Insight's highly experienced municipal investment and trading teams have operated through multiple market and business cycles, providing the ability to navigate these idiosyncrasies, maximise the opportunity set and harness the unique attributes of revenue bonds.
The fragmented nature of muni bonds and infrastructure projects financed, and a buyer base dominated by retail investors, provides a distinct opportunity to exploit market inefficiencies.
Detailed credit analysis by a specialist team is required to identify and assess the unique risks and characteristics of the underlying infrastructure assets and how they are being managed.
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ADDING RESILIENCE VIA
REVENUE BOND FOCUS
We believe revenue bonds possess several advantages over general obligation bonds, such as strong credit fundamentals, greater insulation from political risk and historically attractive yields.
We believe these characteristics, in combination with a focus on high-quality, stable issuers in economically strong services areas, represent bond income sources that are better insulated from economic slowdowns than tax-reliant general obligation (GO) bonds.
