Recent changes to the U.S. tax code have boosted the allure of tax-advantaged muni bonds. First Trust notes that economic challenges faced by municipalities across the U.S. bolsters the argument for active management with munis.
FMB is not First Trust’s first foray into actively managed ETFs. In fact, the new ETF is the issuer’s ninth actively managed fund. The First Trust North American Energy Infrastructure Fund (NYSEArca: EMLP) and the First Trust Senior Loan ETF (NasdaqGM: FTSL) are two of the issuers most successful actively managed products with nearly $912 million in combined assets under management.
ETF Trends editorial team contributed to this post.