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:

  • State/local general obligation bonds
  • Revenue bonds
  • Pre-refunded/escrowed-to-maturity bonds
  • Dedicated tax structures
  • Industrial development bonds

Learn more about BBH Municipal Investment Process

Interested to learn more?  Meet our Fixed Income Investment team