We believe the key to successful bond management is to protect and grow both principal and income. We also believe that an active, national approach provides greater potential to reduce risk and maximize after-tax returns. We emphasize bottom-up research to target investment grade short to intermediate bonds, and maintain flexibility to position portfolios to take advantage of market trends.
*Effective 6/30/18, the GW&K Five-Year Municipal Bond Strategy was renamed the GW&K 2-8 Year Active Municipal Bond Strategy
GW&K has been managing municipal bond portfolios since our founding in 1974
Portfolio managers average 20+ years with the firm
Credit analysts average 13 years experience, and are proficient in all sectors of the market
Traders, averaging 19 years investment experience, have the seasoned knowledge to assess the attractiveness of a bond structure and to add value to our process
Yield Curve Positioning
» Focus primarily on the 2-8 year area of the curve but maintain flexibility to shift positioning to exploit relative value opportunities up to 10 years.
Bottom-up Credit Research
» Our proprietary process focuses on a selective universe of credits to seek best relative value with an eye on risk management.
Value Added Trading
» Our experienced trading desk provides important perspectives on market dynamics for effective bond selection and optimal execution.
Nancy G. Angell, CFA John B. Fox, CFA Martin R. Tourigny, CFABrian T. Moreland, CFA
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