Municipal / Tax-Exempt
Independent credit research designed to uncover exceptional value in a diverse market
We seek to achieve superior after-tax results by performing rigorous credit research on each security we select for our Municipal/Tax-Exempt portfolio. Our deep analysis allows us to identify what we believe to be attractive opportunities in a market comprised of diverse securities. We insist on investing with a margin of safety in every purchase that we make on behalf of our clients.
A typical municipal portfolio at BBH will hold 80-100 geographically diversified securities in major sub-sectors of the U.S. municipal bond market including:
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Learn more about BBH Municipal Investment Process
Interested to learn more? Meet our Fixed Income Investment team
Investment Philosophy