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Insights

Perspectives

Investing

The Case for Active Management

When the missed opportunities and transactional costs of passive management are taken into account, we believe that professional active management offers significant advantages over passive.

ESG

Fossil-Fuel-Free Investing: Process and Perspective

April 11, 2022 - Robert Fernandez

For a variety of reasons, corporate bond investors often wish to restrict investment in companies with fossil fuel reserves.

Municipal

Tailwinds to headwinds: Navigating a shifting landscape in municipal bonds

March 25, 2022 - Benjamin Pease, David Stenhouse

Strong tailwinds of easy monetary policy, abundant fiscal stimulus, and low inflation drove the municipal bond market’s required spread for credit risk tighter over the past decade.

ESG

Through their transitions, higher education E&Fs lend to net zero trend

March 18, 2022 - Timothy Coffin

As colleges and universities announce commitments to carbon neutrality, how should we consider the connection between capital assets and financial assets?

Investing

Discussion summary: IG fixed income in uncertain times

March 16, 2022 - Peter Coffin, Ognjen Sosa

In a recent Q&A, Breckinridge President Peter Coffin and CIO Oggie Sosa discuss the role of IG fixed income strategies in investors’ overall asset-mix during uncertain times.

Investing

Breckinridge Aligns Investments, Operations with Women’s Empowerment Principles

March 4, 2022 - Dominica Ribeiro, Ognjen Sosa

As a WEP signatory, Breckinridge formally signed a CEO statement of support that demonstrates commitment to advancing gender equity and women’s empowerment in the workplace, marketplace, and community.

ESG

The Case for Gender Lens Investing

March 4, 2022

Gender-lens investing continues to grow based on the correlation of diversity and financial performance.

Educational

Building the Infrastructure to Support Bridges to Opportunities

February 4, 2022 - Dominica Ribeiro

In honor of Black History Month, Breckinridge CMO, Dominica Ribeiro, spoke with UNCF’s vice president, Diego Aviles about the UNCF Lighted Pathways Scholarship & Internship Program.

Municipal

2022 Municipal Bond Market Outlook

January 3, 2022 - Adam Stern

The muni bond market enters 2022 with strong credit and supportive technical conditions but investors should be alert to a number of challenges as the year progresses.

ESG

USCCB Updates Investing Guidelines to Address ESG Principles, Fossil Fuels, and Engagement

December 6, 2021

The USCCB approved updated guidelines governing financial investment that, for the first time, integrate explicit ESG principles, including fossil fuels.

ESG

College, University E&Fs Incorporate ESG Approaches in Response to Stakeholders

November 8, 2021 - Katie Sacharuk

Recent events suggest an evolution in fiduciary considerations to include additional financial and non-financial risks and rewards.

ESG

U.S. Catholic Bishops Reviewing Investing Guidelines, Asset Managers Paying Attention

November 8, 2021

News that the USCCB is reviewing its sustainable investing guidelines is prompting speculation that revisions may include additional context for ESG investing.

Municipal

College Towns Provide Economic Resilience

November 1, 2021

Colleges and universities play critical roles in their local economies.

Educational

Financial Glossary

November 1, 2021

A glossary of common terms in the bond markets and there definitions.

Municipal

The Bipartisan Infrastructure Bill Is an Imperfect Credit-Positive for the Muni Market

August 17, 2021 - Adam Stern

The recently passed Infrastructure Investment and Jobs Act is likely to improve near-term muni credit fundamentals but falls short in other areas.

Investing

Duration 101

August 9, 2021 - Jeremy Jenkins

Duration is one of the most important concepts for bondholders to understand as they review the performance of their fixed income investments.

Educational

Diversity, Equity and Inclusion Keys LGBTQ+ Action at Breckinridge

June 16, 2021 - Dominica Ribeiro, Kelly Wight

Q&A with Dominica Ribeiro and Kelly Wight about actions at Breckinridge to increase understanding and responsive management of LGBTQ+ and broader DEI issues.

Municipal

Duration Changes in 2021 Worth a Closer Look

June 4, 2021 - Matthew Buscone

Duration is a good way to measure the potential effect of interest rate changes on a bond portfolio.

Securitized

Securitized SBA Loans Can Help Diversify a Bond Portfolio

May 26, 2021 - John Bastoni

The Small Business Administration (SBA) plays an important economic development role by lending money to small businesses, often described as our economy’s primary growth engine.

Investing

When to Bench the Municipal Bond Benchmark

May 21, 2021 - Christopher Day

Investors in municipal bond strategies should exercise caution when using indices to set portfolio structure or performance targets.

ESG

Giving and Investing Trends Converge for More Powerful Philanthropy

April 28, 2021 - Ariana Polk

Donor-advised funds (DAFs) and environmental, social and governance (ESG) investment strategies are converging for greater philanthropic impact.

Municipal

Still Work To Do for Many Municipal Issuers after Credit-Positive American Rescue Plan

March 11, 2021 - Adam Stern

While the $1.9 trillion American Rescue Plan is a credit positive for municipal bonds, many issuers have work to do to strengthen their finances.

ESG

Engaging with the Tech Sector RE: Diversity, Equity, and Inclusion

March 8, 2021 - Abigail Ingalls, Robert Fernandez

Abi Ingalls and Rob Fernandez discusses key takeaways from their engagement calls with technology companies.

ESG

Podcast: Closing the Gender Gap

March 8, 2021 - Ruth Ducret, Abigail Ingalls, Dominica Ribeiro

Two senior research analysts and our former GWI intern have a conversation about women in the investment management industry.

ESG

The Future Benefit of Gender Lens Investing

March 8, 2021 - Abigail Ingalls, Dominica Ribeiro

Abi Ingalls, senior research analyst, spoke with CMO Dominica Ribeiro, about the state of gender lens investing (GLI).