Target higher-yielding opportunities in high-quality municipal bonds.
Opportunity does not always come knocking on your door. Sometimes it takes an asset manager with the ability to take a 360-degree view while having a shrewd eye for detail to uncover what we believe are desirable municipal bond investment opportunities, which others may have overlooked due to structural pricing inefficiencies inherent to the municipal bond market. If you value a strategy that utilizes a dynamic portfolio management approach to unlock the return potential of your municipal bond investment, Gurtin’s Opportunistic Value strategy might be right for you. Opportunistic Value represents one of our most creative municipal bond investment strategies, for which we employ exhaustive credit research and quantitative analysis to identify misunderstood and mispriced municipal bond opportunities for savvy investors who want to achieve yields that are typically above those of market benchmarks — without sacrificing quality.
Keep reading to explore investor traits that are best suited to this strategy as well as the features that make our Opportunistic Value strategy unique. You can also review performance data and download fact sheets that illustrate what we have been able to achieve by employing this distinct approach to municipal investment. Finally, browse the frequently asked questions to find answers to common questions about this strategy.
Are your clients savvy investors who do not mind a certain degree of market volatility while pursuing a high level of tax-exempt income? Do they have a longer investment horizon? If so, consider adding Gurtin’s Opportunistic Value strategy to their municipal allocation.
With our Opportunistic Value strategy, we employ our comprehensive credit research and quantitative analysis to identify misunderstood, and therefore, often-overlooked municipal bond opportunities with yields in excess of generic market yields. We believe that the high-quality bonds targeted for this strategy are mispriced due to market misconceptions regarding the bonds’ credit quality, the retail nature of the municipal market, and structural pricing inefficiencies that are inherent in the municipal bond market.
Opportunistic Value’s non-laddered portfolio structure includes bond structures ranging from short term to long term, depending on where we find the most attractive opportunities.
Gurtin’s investment approach to our Opportunistic Value strategy is a contrarian one that extends beyond other firms’ traditional investment methodologies within the municipal market. Nonetheless, you can feel confident in knowing that we follow an extremely disciplined, patient process while actively looking for misunderstood municipal bond opportunities. In fact, it is our strong investment discipline that enables our team to meet our absolute value objectives.
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