Deteriorating Conditions in Puerto Rico Will Pressure High-Yield Muni ETFs
Mounting concern over Puerto Rico’s ability to repay debt obligations could continue to add to volatility in high-yield municipal bond exchange traded…
Puerto Rico
Examining Your Fund’s Puerto Rico Exposure
Greece or Puerto Rico. Investors have their pick of default poison, but investors in fixed income exchange traded and mutual funds would…
Muni Bond ETFs Somewhat Sturdy Despite Puerto Rico Default
With Greece captivating investors’ attention today, the reaction to Puerto Rico’s debt troubles might just be “Oh yeah, Puerto Rico is about…
Muni ETFs Supported by Lowest New Issuance Since 2001
Despite the Puerto Rico debt restructuring concerns, municipal bond exchange traded funds could still advance as new issuance falls to a 13…
Muni Bonds: Puerto Rico Readies $3 Billion in Junk Debt
After three credit ratings agencies downgraded the commonwealth territory, Puerto Rico municipal bonds have rallied and is now offering $3 billion in…
BlackRock: Do you own Puerto Rico in your Muni Fund?
In the past month, both Moody’s and S&P downgraded Puerto Rico’s general obligation debt to below investment grade. As my colleague Peter…
BlackRock: Puerto: The Good, the Bad & the Ugly Truth
Next to Detroit, the municipal entity I receive the most questions about is Puerto Rico — and rightly so. Puerto Rico faces…
Believe It: A Puerto Rico Muni ETF May Debut
No need to do a double take. Market Vectors, the issuer behind several successful municipal bond ETFs, may introduce a fund with…