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A Generational Dip buy? Our next big buy 🤝

A Generational Dip buy? Our next big buy 🤝

Sunday Stock Market Updates & Education

Simplify Wall Street
April 07, 2024

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Insights

💫 Intriguing news on Wall Street:

📈 Stock Watchlist (NEW)

🗣️ Voice Your Opinion (NEW)

💰️ Top Trades from last week’s Discord Alerts

📈 Weekly Insights & Trade Ideas (Premium Members)

Bullish or Bearish This Week?

News Explained

New ETF looks to profit from municipal bonds

TAXX ETF

Purpose of the ETF: The ETF aims to generate profits in the municipal bond space while considering tax implications for investors.
Management Approach: Gallegos advocates for actively managed municipal bond ETFs as a means of generating income, especially in a high-interest-rate environment. She believes the fund will provide healthy returns even if the Federal Reserve reduces interest rates.
Composition of Holdings: Approximately 62% of TAXX's holdings are in municipal bonds. The five largest municipal bond holdings by state are listed as Illinois, Pennsylvania, New Jersey, New York, and Alabama. Additionally, the ETF includes exposure to corporate and securitized bonds.
Investment Strategy: The fund employs a mixed-bond approach, combining municipal and taxable short-duration fixed income securities. This strategy is aimed at increasing after-tax total returns.
Tax Efficiency: The fund is described as "tax efficient" by FactSet, balancing strong after-tax income opportunities with capital preservation.
Yield: Gallegos mentions that the portfolio's tax-equivalent yield is close to 6%.
Performance: As of the date mentioned, the ETF is down 0.2% since its launch on March 14th.

U.S. and China

U.S. Treasury Secretary Janet Yellen said on Saturday that she and Chinese Vice Premier He Lifeng agreed to launch exchanges on “balanced” economic growth, an effort to address U.S. concerns about China’s excess manufacturing capacity.