MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, September 10, 2007 BGI Drops One Muni-Bond ETF onto the AMEX, Files for Two More Barclays Global Investors' first muni-bond ETF began trading on the AMEX today. It is the first municipal bond ETF available to U.S. investors. "We think there is a demand for this kind of ETF from investors," Matt Tucker, head of fixed income solutions at BGI, told the MFWire The fund tracks the S&P National Municipal Bond Index, which includes bonds from issuers that are primarily state or local governments or agencies such that the interest in the bond is exempt from U.S. federal income taxes. The expense ratio is 25 bps. Tucker says that BGI has filed for two additional muni-bond ETFs that cover California and New York. Printed from: MFWire.com/story.asp?s=15685 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |