As investors have become more comfortable with the idea of achieving fixed income exposure through the exchange-traded structure, bond ETF assets have skyrocketed and the number of funds has increased rapidly. For those in higher tax brackets, municipal bonds have always been a popular option, as the tax-exempt feature of the interest payment boosts the tax-equivalent yield realized. And many in these higher tax brackets have embraced ETFs as the most efficient means of achieving exposure: the S&P National AMT-Free Municipal Bond Fund (MUB) has more than $2 billion in assets. But while MUB is the most popular ETF offering exposure to the muni bond market, it’s hardly the only option available. Below, we profile more targeted muni bond ETF options covering various durations, credit qualities, and geographies [for more ETF insights, sign up for our free ETF newsletter]: [click to continue…]
As the ETF world continues to expand at a tremendous pace, more and more traditional mutual fund companies are expanding ETF lineups in an attempt to capture a piece of a rapidly-growing pie. Bond fund giant PIMCO was late to the ETF game, but has made quite an impact since rolling out its first exchange-traded [...]
With anxiety building ahead of mid-term elections later this year, the Obama administration used the Labor Day holiday to announce a plan designed to kickstart job creation and further boost the economic recovery. The president unveiled on Monday a long-term public works plan to spend as much as $50 billion over the next six years. [...]
In the past two weeks, many large U.S. corporations have posted solid earnings which has sparked optimism over an economic recovery. However, recent testimony from Fed Chair Ben Bernanke has weighed on the markets and has kept many investors fearful about the near future. In his testimony, Bernanke called the American economic outlook ‘unusually uncertain’ [...]
Happy Fourth of July from the team at ETF Database! Given the chaos of recent weeks in financial markets, investors should be thrilled to relax with fireworks, family gatherings, and good old-fashioned barbecues. To celebrate the Fourth, we take a timeout from talks of double dips, oil spills, unemployment to highlight five all-American ETFs that [...]
Encouraged by the impressive start to the first ETF offering exposure to Build America Bonds, PowerShares recently filed details on a second, more targeted fund within the same asset class. The latest proposed addition to the PowerShares lineup is the Intermediate Build America Bond Portfolio, a product that would track the BofA Merrill Lynch 1-12 [...]
As interest in ETF investing has accelerated, both asset levels and the size of the product lineup have expanded at impressive rates. Investors now have more options than ever before in the ETF space, a fact not universally celebrated by those who observe the industry. With nearly 1,000 exchange-traded products now listed on U.S. exchanges, [...]
State Street has partnered with Nuveen Investments to launch the SPDR Nuveen Barclays Capital Build America Bond ETF (BABS), the second ETF offering exposure to a corner of the bond market created as a result of the recent recession. BABS will track the performance of the Barclays Capital Build America Bond Index, a benchmark that [...]
Following a tremendously successful 2009 that saw more than $40 billion flow into fixed income ETFs, the number of bond ETFs is expected to increase significantly in 2010. In what could be the first of many new product launches, iShares introduced a line of new municipal bond, or “muni,” ETFs on Friday. Unlike existing muni [...]
The ETF industry picked up steam in November, with several highly-anticipated funds coming to market and multiple issuers disclosing new details on innovative products that could be launched in 2010. The biggest news for the month was the entrance of Charles Schwab into the industry with the launch of four ETFs in early November. Debuting [...]
Invesco PowerShares is scheduled to launch its Build America Bond Portfolio (BAB) on Tuesday, the first exchange-traded product to offer exposure to a new class of fixed income securities. Build America Bonds are different from traditional fixed income securities in several ways, with the potential to deliver attractive real returns with minimal risk of default [...]