Commentary

Fixed Income Tax Loss Harvesting: Realizing Losses No Matter When They Occur

Another period of heightened volatility in the markets reminds us why tax management can be such an essential part of fixed income investing.

Commentary

As Tariffs Cloud Outlook, Municipal Bonds May Offer Opportunity

Bonds have gained as investors sought shelter amid growing fears around a tariff-driven global economic slowdown.

Commentary

How to Fit Direct Indexing into a Client’s Current Portfolio

Investors face new challenges as their wealth grows. So it’s a good thing that direct indexing is designed to fit their allocations just the way they are.

Commentary

Tax Managed Investing: Deciding When to Realize Capital Gains

For taxable investors with sizable gains in their brokerage accounts, the decision when to realize that capital gain is intensely personal—depending of course on individual circumstances, while also factoring in market return expectations and the prevailing tax structure.

Commentary

How to Put the Power of Direct Indexing at Your Fingertips

Customization is an integral part of direct indexing. The technology behind it can make or break the experience for clients and advisors alike. We dive into the features and functions that make the best tools.

Commentary

Tax Optimized Ladders: Elevating Taxes as a Crucial Element of Customization in Fixed Income Portfolios

Parametric’s tax optimized ladders (TOL) solution may help to enhance after-tax yield by seeking to optimize the allocation between tax-exempt and taxable bonds, based on an investor’s own tax rate and the relative value between sectors.

Commentary

Is Eliminating the Tax Exemption on Municipal Bonds Worth the Cost?

The municipal bond tax exemption is back in focus. We believe the threat to infrastructure investment outweighs the modest revenue benefits, which could keep the risk of elimination or significant curtailment low.

Commentary

Bond Ladders: Unlocking Direct Indexing Opportunities in Fixed Income

The managed account industry has seen tremendous growth and client adoption, with assets increasing by 28% over the last year and 50% over the past two years.

Commentary

2025 Commodity Outlook: Three Areas to Watch

How will potential trends in inflation, the US dollar and supply deficits across many raw material markets affect the environment for investing in commodities?

Commentary

2025 Equity and Volatility Outlook: Is the US Equity Investor at a Crossroad?

Investors may be at a crossroad in early 2025. US equities have recovered from the 2022 bear market with two exceptional years of +25% returns.

Commentary

Harvesting Tax Losses When Markets Keep Posting Positive Returns

US equity markets rallied just enough to round out 2024 with all four quarters posting positive returns. The S&P 500® Index finished the fourth quarter up 2.41%, bringing the year’s total return to 25.02%.

Commentary

Is Your Fixed Income Manager Delivering Tax Alpha?

Reflecting ongoing uncertainty around inflation and the trajectory of monetary policy, yield volatility posed challenges in 2024. Yet it also highlighted the importance of tax-efficient strategies like loss harvesting in fixed income portfolios.

Commentary

How Parametric Strives to Stay Ahead in Direct Indexing

Direct indexing has been around for more than 30 years, yet many people still don’t know what it is or how it continues to grow and evolve.

Commentary

2025 Fixed Income Outlook: Monetary and Fiscal Crosscurrents May Create Volatility, Yet Opportunity Persists

As investors continue to step out of cash and potentially rebalance out of equities following their strong performance, we expect bonds to play a larger role in diversified portfolios next year.

Commentary

How to Manage Taxes in Direct Indexing Portfolios

In an actively managed portfolio, there’s no way to escape capital gains taxes altogether. But understanding the importance of tax efficiency is crucial to long-term success for investors and advisors.