When client needs dictate, Bahl & Gaynor will overlay fixed income exposure with our equity strategies to provide asset class diversification.
Bahl & Gaynor will select fixed income securities in a manner complementary to our equity selection process. Our fixed income investable universe is comprised of issuers with strong financial position and thus the ability to meet obligations in the future. Our corporate bond investments are generally comprised of issuers whose common stock meets our criteria for investment. Government, agency, municipal and asset-backed securities are evaluated using many of the same quality metrics as our corporate bond selection process but in the context of the given issuer.
Client portfolios will generally be diversified among a selection of fixed income securities with a laddered maturity schedule. Low portfolio turnover combined with the potential use of municipal securities for high net worth clients results in a cost and tax-efficient portfolio.