TFI

Related Outside Content

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 […]

Municipal bond exchange traded funds could continue to strengthen in the month ahead as supply falls off with muni debt sales set to decline and the amount of redemptions and maturing debt on the rise. Year-to-date, the iShares National AMT-Free Muni Bond ETF (NYSEArca: MUB) gained 0.6%, SPDR Nuveen Barclays Municipal Bond ETF (NYSEArca: TFI) […]

State Street to reverse split two of its municipal bond ETFs TFI and SHM will be reserve split 1-for-2 on March 15 As a result of the reverse splits, shareholders of SHM and TFI could potentially hold fractional shares State Street Global Advisors (SSgA), the third-largest U.S. issuer of exchange traded funds, said it will reverse […]

Municipal debt yields are back to a half-century low, but muni bond exchange traded fund investors have not been dissuaded by the prospect of ultra-low payouts. Yields for muni debt securities are back to their lowest level since 1965 as a rally in safe-haven assets bolstered demand, reports Brian Chappatta for Bloomberg. The yield on […]

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 […]

Municipal debt and bond-related exchange traded funds have been outperforming Treasuries and could maintain their momentum ahead as more investors turn to the relatively stable and strong asset. “The audience for the asset class continues to expand with increasing interest from non-traditional domestic and foreign buyers,” according to the BlackRock Municipals Group. “As demand is […]

According to Barry Ritholtz of Ritholtz Wealth Management, a frequent contributor to CNBC as well as Bloomberg, “the beauty of diversification is that it’s about as close as you can get to a free lunch in investing.” Since 2011, however, investors who diversified in stocks outside of the U.S. and who diversified across other asset […]

As the markets prepare for a rising interest rate environment, bond exchange traded fund investors may turn to more defensive strategies to prop up performance and mitigate rate risks. Charles Schwab strategists argue that fixed income will offer opportunities as the Federal Reserve is set to hike interest rates, but the strategies may boring, reports […]

Municipal debt and bond-related exchange traded funds may not be glamorous, but local debt securities are outperforming corporate bonds and giving many other assets a run for their money. For instance, the iShares National AMT-Free Muni Bond ETF (NYSEArca: MUB), which has a 4.72 year duration and a 1.64% 30-day SEC yield or a 2.89% […]

While the U.S. is stuck with an anemic inflation rate, investors can ride out a deflationary environment through certain assets and exchange traded funds. According to the Bureau of Labor Statistics, the total national rate of inflation was 0.2% in August, reports Jeff Cox for CNBC. Only the West had a positive Consumer Price Index […]

Despite the elevated volatility as a result of slowing economic growth and uncertainty over the Federal Reserve rate hike, investors may still find value in some fixed-income assets and related exchange traded funds. For instance, Russ Koesterich, global chief investment strategist and head of the model portfolio & solutions business at BlackRock, still favors a […]

Municipal bonds and related exchange traded funds have been used as a relatively stable fixed-income stream. Nevertheless, investors should also be aware of the risks associated with the investment category. For starters, one should know how a state, county or other local government can meet its financial obligations, writes Manisha Thakor, director of Wealth Strategies […]

After the recent pullback in the fixed-income market, it may be a good time to dive back into investment-grade corporate and municipal bond-related exchange traded funds. Wells Fargo’s fixed income strategist Jim Kochan argued that bonds look attractive when they are paying over 3% in interest, reports Amey Stone for Barron’s. Kochan also advised investors […]

The recent selling in the fixed-income space may provide opportunities for investors to jump back into tax-exempt muncipal bond exchange traded funds. “The recent correction in rates and muni-to-Treasury ratios has re-introduced value in the market, and we expect both retail and crossover buyers will take notice,” according to BlackRock. “We remain optimistic that the […]

The benchmark Barclays U.S. Aggregate Bond Index provides a blueprint for many fixed-income portfolios, but it does not include many popular debt investments. Nevertheless, there are a number of exchange traded fund options to help fill in the gaps. The iShares Core U.S. Aggregate Bond ETF (NYSEArca: AGG), which tracks the Barclays US Aggregate Bond […]

The Federal Reserve may soon allow U.S. banks to hold municipal bonds to meet liquidity rules, opening up more demand for municipal securities and potentially lifting munis-related exchange traded funds. After the fall off in March, munis have remained relatively flat for the year. Year-to-date, the iShares National AMT-Free Muni Bond ETF (NYSEArca: MUB) gained […]

The municipal bond market and munis-related exchange traded funds are experiencing their best March rally in seven years as investors shifted into the tax-favorable asset ahead of the April filing deadline. Ever since the March 6 low, the iShares National AMT-Free Muni Bond ETF (NYSEArca: MUB) gained 1.6%, SPDR Nuveen Barclays Municipal Bond ETF (NYSEArca: […]

With a lot of uncertainty over interest rates still shadowing the markets, exchange traded fund investors should prepare for multiple outcomes. Investors can plan for the three most probable outcomes of a Federal Reserve tightening, along with the possible ETF plays. For starters, the yield curve could tighten with 3-year and 5-year rates moving up […]

After posting their first monthly decline in over a year, municipal bond exchange traded funds may offer a decent buying opportunity. In February, the iShares National AMT-Free Muni Bond ETF (NYSEArca: MUB) fell 1.0%, SPDR Nuveen Barclays Municipal Bond ETF (NYSEArca: TFI) declined 1.6% and Market Vectors Intermediate Municipal Index ETF (NYSEArca: ITM) decreased 1.7%. […]

Municipal bond exchange traded funds are finally pulling back as a stronger U.S. economy pushed up interest rates and municipalities begin issuing more debt. Over the past month, the iShares National AMT-Free Muni Bond ETF (NYSEArca: MUB) fell 1.6%, SPDR Nuveen Barclays Municipal Bond ETF (NYSEArca: TFI) declined 1.6% and Market Vectors Intermediate Municipal Index […]

Fixed-income investors can utilize exchange traded funds to gain exposure to high-quality municipal bonds with relatively handsome tax-equivalent yields. For instance, the SPDR Nuveen Barclays Municipal Bond ETF (NYSEArca: TFI), which has a 7.68 year duration, comes with a 1.73% 30-day SEC yield, or 3.05% taxable equivalent yield for those in the highest income bracket. […]

After yields dipped lower this year, fixed-income investors may find better yield opportunities in municipal bonds and related exchange traded funds. The benchmark 10-year Treasury yield is hovering around 1.8% after touching its lowest since May 2013 in January. Meanwhile, investment-grade 10-year municipal bond yields an equivalent 3.5% for investors in the 28% federal tax […]

Fixed-income investors may be paying more than necessary when purchasing individual municipal debt securities. On the other hand, people can use munis exchange traded funds for a cheap way to access the market. Three U.S. regulators have began scrutinizing municipal bond markup fees that could cut into investor returns, reports Aaron Kuriloff for the Wall […]

As a closely watched gauge for inflation declined to a 14-year low, investors can adjust for a deflationary environment with certain assets and exchange traded funds. During deflationary periods, cash is king. If the U.S. dollar continues to strengthen against foreign currencies, ETF investors can capture the movement through the PowerShares DB U.S. Dollar Index […]

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 […]

With volatility fueling demand for safe-haven assets, municipal bonds and related exchange traded funds are trading around their cheapest relative to Treasuries this year. For instance, the iShares National AMT-Free Muni Bond ETF (NYSEArca: MUB), which has a 6.32 year duration, shows a 1.61% 30-day SEC yield. The SPDR Nuveen Barclays Municipal Bond ETF (NYSEArca: […]

The stubbornly low interest rate environment has helped bond exchange traded funds some of the most attractive investments this year. However, with most areas of the fixed-income market fully priced, ETF investors may seek out opportunities in municipal and junk-rated debt. For 2015, Janney Montgomery Scott overweights muni bonds and believes high-yield corporate debt are […]

When looking into the municipal bond market, fixed-income investors may be better off with a muni bond exchange traded fund, instead of trading individual debt securities. Brokers typically mark up the price of municipal bonds they sell to individual investors, writes Aaron Kuriloff for the Wall Street Journal. However, the markups that funds pay are […]

Fixed-income investors should moderate their municipal bond exchange traded fund outlook after an unprecedented nine consecutive months of gains pushed benchmark yields below two percent and states begin to increase financing on the cheap. Year-to-date, the iShares National AMT-Free Muni Bond ETF (NYSEArca: MUB) and SPDR Nuveen Barclays Municipal Bond ETF (NYSEArca: TFI) have increased […]

I do the “ETF of the Week” for MarketWatch every Thursday on Chuck Jaffe’s MoneyLife Show where I highlight big movers and disappointments among exchange traded funds. This week, I highlighted the SPDR Nuveen Barclays Municipal Bond ETF (NYSEArca: TFI). Municipal bonds are shaking off the Puerto Rico scare, strengthening on the improved demand and […]