Viewpoint - P&C Portfolio Alternatives to Tax-Exempt Municipal Bonds Post Tax Reform
January 16, 2018
P&C Portfolio Alternatives to Tax-Exempt Municipal Bonds Post Tax Reform
Conning’s view is that the recently passed U.S. tax plan should drive significant capital expenditure and increase take-home pay, providing a meaningful boost to U.S. growth via the consumer. However, its immediate impact on the municipal bond market may also cause investors such as property and casualty (P&C) insurers to revisit their portfolio strategies and allocation.
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