Muni bonds gain traction for climate and social change

Muni bonds gain traction for climate and social change

Many investors already know about the — also known as muni bonds or "munis." Now these assets have also become popular among those who want to have an impact on climate and social change. In addition to tax savings and relatively low risk, muni bonds may be attractive to those seeking funds in areas such as renewable energy, clean water, low-carbon transportation or infrastructure. The muni bond market increased by $474 billion in 2020, with $27.6 billion issued for green, social or sustainable bonds, more than double the numbers from 2019, according to .    Here's a look at other stories impacting the financial advisor business. "We expect growth in the green bond market to also be driven by a renewed focus on climate change and the aging state of the nation's infrastructure," said Laura Levenstein, chief risk officer at Build America Mutual, speaking at the on Tuesday. As the muni bond market explodes for retail, institutional and international investors, experts at the FA Summit shared the latest updates. Labeled vs. unlabeled muni bonds One of the biggest challenges for investors is finding legitimate green or social muni options, as there may be labeling inconsistencies across the bond