Municipal Fixed Income
Tax-Exempt Portfolios Customized for Investor Needs
Municipal fixed income strategies tailored to emphasize principal preservation, income and liquidity.
At Northern Trust Asset Management, municipal fixed Income strategies are constructed with the goal of generating consistent risk-adjusted performance. We emphasize the client's unique tax situation, preserving principal, generating current income and providing liquidity.
As active bond managers, managing credit risk is the cornerstone of our fundamental research process. We seek to add value with yield curve positioning, sector and structure and state analysis and disciplined risk management.
Why Northern Trust Asset Management for Municipal Fixed Income?
- Extensive, global, fundamental credit research and risk management
- Deep integrated team across research, portfolio management, trading & risk
- High-quality, well-diversified fixed income portfolios backed by 40 years of experience
- NTAM Municipal Fixed Income asset under management: $29.2B*
- High-quality, high-yield and state-specific strategies in separate accounts and mutual funds
- Active, structured and laddered managed account portfolios to meet investor objectives
*As of March 31, 2023
A Flexible Platform Actively Seeking Relative Value in Municipal Bonds
Multiple strategies - laddered, structured and active bond portfolios - to meet specific client objectives
Proprietary Municipal Research Seeking Relative Value in Municipal Bonds
Bond performance turned positive to end 2022 while inflation moderated and the pace of rate hikes slowed. But interest rate volatility likely will persist in 2023, as monetary policy and recession fears may dictate returns.
Revenue above expectations, pandemic federal aid and reserves have strengthened states’ financial outlook. But states will need to prepare as pandemic aid winds down and the economy slows.
Explore our five-year return forecasts and long-term themes for the years ahead.
The prospect of a U.S. economic slowdown in 2023 likely won’t damage the credit quality of municipal bond sectors. Learn why.