BBH

Municipals ended last year with their lowest yields on record, so the 2020s are likely to be challenging. BBH’s Head of Tax-Exempt Portfolio Management, Greg Steier, will explain the rising fundamental risks associated with historically expensive valuations and the dangers in owning generic, market-like municipal portfolios. Join us for this in-depth discussion that will cover:

• The risks and opportunities in today’s environment
• Lessons for municipal bond investors from the last decade
• Why low yields don’t mean low risk
• How active management can reduce risks in a muni portfolio
• The dangers of constructing your own muni bond portfolios for clients