Capitalizing on Illiquidity in the Muni Market

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  • 03 mins 21 secs
David Hammer, head of Municipal Bond Portfolio Management, and Rachel Betton, municipal bond portfolio manager, discuss how an interval fund structure may help investors earn higher after-tax income by exploiting structural illiquidity in the municipal market.



PIMCO is one of the world’s premier fixed income investment managers. With our launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the nearly 50 years since, we have worked relentlessly to help millions of investors pursue their objectives – regardless of shifting market conditions. As active investors, our goal is not just to find opportunities, but to create them. To this end, we remain firmly committed to the pursuit of our mission: delivering superior investment returns, solutions and service to our clients.