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Lafayette uses a disciplined approach in selecting taxable and tax exempt securities for portfolios. No single type of fixed income investment is appropriate for all periods. Municipal, corporate and US treasury bonds are considered.
- Municipal bonds
With more than $1 trillion of issues outstanding, the tax
exempt municipal bond marketplace is often mispriced. Our understanding
of and relationships in the municipal bond industry provide
our clients with institutional advantages. We analyze the after-tax
returns from treasury, corporate and municipal obligations to
determine the instrument that provides the most attractive net
return.
- Corporate bonds
The fundamental analysis we use to evaluate stock purchases guides our selection of corporate fixed income instruments. Focusing on a company’s capital structure, we ascertain whether or not a corporate bond is a suitable investment. Our focus is on income and preservation of capital.
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