Tag Archives: CEFs

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The Rise of Municipal Separately Managed Accounts 2018 Update

Author: Patricia Healy, CFA, Post Date: September 18, 2018
Market Commentary - Cumberland Advisors - The Rise of Municipal Separately Managed Accounts 2018 Update

Cumberland has utilized separately managed accounts to execute its fixed-income strategy since its inception in 1973, long before separately managed accounts (SMAs) were popularized in the early 2000s. What exactly is an SMA? Per Investopedia: “A[n] SMA is a portfolio of assets under the management of a professional investment firm. In the United States, the […]