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 |
|
Tuesday, June 25, 2013 Muni Bust Could Translate into ETF Flows The U.S. municipal debt market continues to plunge. That may be a good thing. Consider the situation of the $3.5 billion iShares S&P National AMT-Free Municipal Bond Fund (MUB). Bloomberg reports that the fund fell to $100.42 Monday, its lowest since April 2011. While that may translate into some short-term pain for investors now, the newswire argues tax-exempt securities are finally getting cheap enough again to rekindle buying. Demand may be rebound as investors use case from principal and interest payments, according to Matt Dalton of Belle Haven Investments, who is quoted by Bloomberg as saying that "“Once we get past the Fourth of July holiday, we’ve got a chance of seeing some stability come into this market because of the reinvestment needs." Read more in Bloomberg. Printed from: MFWire.com/story.asp?s=44506 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |