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By Corey Hoffstein With the benefit of hindsight, there have been few investments as attractive as core U.S. fixed income over the last 30 years. Capital preservation, income, diversification, and even hedging volatility: was there anything fixed income did not provide? With 10-year U.S. Treasury rates nearing all-time lows, however, the cost/benefit math may be […]

Nuveen Investments, which has been angling to get back into the exchange traded funds business after a lengthy absence, filed plans with the Securities and Exchange Commission to possibly launch an aggregate bond ETF, the NuShares Enhanced Yield U.S. Aggregate Bond ETF. That ETF “would track an index comprised of investment grade government, corporate, residential […]

With the Federal Reserve delaying its interest rate hike, municipal bond exchange traded funds maintained their momentum, with benchmark yields dipping to new lows. The iShares National AMT-Free Muni Bond ETF (NYSEArca: MUB) was slightly higher Wednesday, ending in the black for the 12th session in a row. MUB is up 3.2% year-to-date. Broad investment-grade […]

With the Federal Reserve holding off on raising interest rates to this point in 2016, investors have been flocking to longer-dated fixed income exchange traded funds, including municipal bond funds. Municipal bonds and the corresponding ETFs are popular among conservative, income investors for added yield, tax advantages and as an avenue for diversification in portfolios […]

Municipal bond exchange traded funds may not be the most exciting investment, but they have been maintained their momentum in 2016, providing investors with steady and stable returns. Fixed-income investors should take a second look at municipal bonds as they begin to fall behind Treasury bonds. “While tax-exempt munis have lagged strong-performing Treasuries so far […]

Each day ETFtrends.com publishes news, strategy and commentary on ETFs in the realms of Commodities, Currency, Equities and Smart-Beta to name a few. Here’s a look at the Top 15 Most Viewed Articles of the Week on ETF Trends, May 16-20, 2016. Click the headline to read the full article – enjoy! 1. A Very Positive Forecast […]

Fixed-income investors who follow the benchmark Barclays U.S. Aggregate Bond Index may be missing out on the stability and yield opportunity found in municipal debt securities. Consequently, traders should consider including a muni bond exchange traded fund to round out their investment portfolios. Muni bonds help diversify a fixed-income portfolio and augment yields for those […]

Municipal debt and bond-related exchange traded funds have been used as a relatively stable fixed-income stream for many investment portfolios. Since muni bond interest is exempt from federal taxes, muni ETFs are a good way for investors seeking tax-exempt income, especially those in higher tax brackets. Due to its tax-exempt status, the asset category is […]

High-yield, speculative-grade bond exchange traded funds are attracting billions of dollars as market volatility dissipates and investors look to capitalize on cheaper valuations in riskier assets after the recent sell-off. Investors funneled $2 billion into funds in high-yield and high-yield municipal debt peer groups over February, Todd Rosenbluth, S&P Global Market Intelligence Director of ETF […]

As people digest the changing Federal Reserve outlook, fixed-income investors may want to hold onto their municipal debt and bond-related exchange traded fund positions. “One area of the U.S. bond market that does merit attention is the municipal market,” according to Russ Koesterich, Global Chief Investment Strategist and Head of the Model Portfolio & Solutions […]

Mounting concern over Puerto Rico’s ability to repay debt obligations could continue to add to volatility in high-yield municipal bond exchange traded funds. High-yield munis dropped off in late June on Puerto Rico default fears but has traded higher since, along with the broader markets. Over the past week, the Market Vectors High Yield Municipal […]

Greece or Puerto Rico. Investors have their pick of default poison, but investors in fixed income exchange traded and mutual funds would do well to monitor goings on in Puerto Rico because the U.S. territory’s imminent default could affect some well-known municipal bond funds. So dire is the situation in Puerto Rico, Gov. Alejandro García […]

With Greece captivating investors’ attention today, the reaction to Puerto Rico’s debt troubles might just be “Oh yeah, Puerto Rico is about to default.” That does not change the fact the U.S. territory cannot pay $72 billion in debts. So dire is the situation in Puerto Rico, Gov. Alejandro García Padilla told the New York […]

Another round of financing problems in Puerto Rico could shake the municipal debt market and bond-related exchange traded funds. According to the island’s Government Development Bank, the government could run out of cash by the end of September and could execute emergency measures, such as holding debt repayments, reports Edward Krudy for Reuters. Specifically, the […]

Even with the specter of higher interest rates looming, some investors are not shying away from municipal bond exchange traded funds. To this point, 2015 has been a banner year for inflows to fixed income ETFs and data indicate muni ETFs are getting in on that action. Investors “have added about $1 billion to ETFs […]

Fixed income exchange traded funds are coming off a record year of asset gathering that saw two bond funds rank among the top 10 ETFs for added assets. To start 2015, municipal bond funds are keeping the torch burning for bond ETFs. “While investors pulled $4.9 billion out of taxable bond mutual funds in the […]

The shrinking municipal bonds market helped munis-related exchange traded funds outperform in the fixed-income space in 2014. However, the favorable supply and demand dynamics may be about to change and begin holding back the munis market. Over the past year, the iShares National AMT-Free Muni Bond ETF (NYSEArca: MUB) rose 8.7%, SPDR Nuveen Barclays Municipal […]

Despite the Puerto Rico debt restructuring concerns, municipal bond exchange traded funds could still advance as new issuance falls to a 13 year low. Over the past month, the iShares National AMT-Free Muni Bond ETF (NYSEArca: MUB) and SPDR Nuveen Barclays Municipal Bond ETF (NYSEArca: TFI) are 0.3% higher. Year-to-date, the two ETFs have gained […]

Passively managed exchange traded funds usually do not make wholesale changes to their portfolios. Most of the underlying indices for passive ETFs rebalance quarterly and even then, holding and sector changes often boil down to just a few basis points. However, there are circumstances where issuers of passive ETFs opt to take a more active […]

Municipal bonds, along with related exchange traded funds, are trading at their deepest discount to U.S. Treasuries in four months after another round of debt concerns over Puerto Rico’s finances sparked a sell-off in muni funds. High-yield muni ETFs suffered the brunt of the blow, with the Market Vectors High Yield Municipal Index ETF (NYSEArca: […]

Fixed-income exchange traded fund investors have been hearing about the rate risk in long-term bonds, but now some are sounding the alarm on short-duration debt. “Last year, we were concerned primarily with reducing interest-rate risk by selling high grade (largely AAA and AA-rated) long-maturity municipal bonds and reinvesting in a combination of intermediate-term, investment-grade municipal […]

After the Detroit’s bankruptcy hindered demand, municipal bonds, along with related exchange traded funds, are posting robust gains on huge inflows. Year-to-date, the iShares S&P National AMT-Free Muni Bond ETF (NYSEArca: MUB) is up 6.3%, SPDR Nuveen Barclays Municipal Bond ETF (NYSEArca: TFI) rose 6.4% and Market Vectors Intermediate Municipal Index ETF (NYSEArca: ITM) increased […]

High-yield municipal bonds and related exchange traded funds have been rallying alongside the strongest run-up in speculative debt since 2009, and now, Morgan Stanley (NYSE: MS) is sounding a warning. Michael Zezas, chief muni strategist at Morgan Stanley, argued that the outlook for speculative-grade bonds to continue to beat the market is diminishing, Bloomberg reports. […]

Increased tensions in Eastern Europe sent U.S. stocks tumbling Friday with the Nasdaq the worst offender among the major U.S. indices with a loss of nearly 2%. For the week the S&P 500 closed modestly lower. With the U.S. and Western allies threatening additional sanctions against Russia as a result of its actions in Ukraine, […]

Municipal bonds and related exchange traded funds have been among the top performers in the fixed income space this year as declining Treasury yields have lifted muni bonds following last year’s decline at the hands of surging Treasury yields. Those falling Treasury yields and a strengthening U.S. economy are encouraging investors to hunt for higher […]

After three credit ratings agencies downgraded the commonwealth territory, Puerto Rico municipal bonds have rallied and is now offering $3 billion in bonds. Investors interested in gaining exposure to Puerto Rican debt can take a look at a couple high-yield municipal bond exchange traded funds. Puerto Rico is offering $3 billion in general-obligation municipal bonds […]

Exacerbated by Detroit’s bankruptcy filing, Illinois’ unfunded pension obligations and Puerto Rico distress, municipal bond exchange traded funds were battered as rates steadily rose since the start of May. Muni bond yields have increased faster than other fixed-income assets his year, according to a S&P Dow Jones Indices note. Bond prices and yields have an […]

Municipal bond exchange traded funds, once a favored destination for conservative, income-seeking investors, have come under pressure this year. Rising interest rates, which have adversely affected muni ETFs, are only part of the reason. The specter of massively under-funded public pension liabilities across, highlighted by Detroit’s bankruptcy, has made some investors skittish about an asset […]