FYI: Last year, investors put $1.9 billion into municipal bond ETFs. In the first quarter of 2015 alone, they poured $1.4 billion into muni ETFs. And some $9 billion made its way to municipal bond mutual funds this year.
What’s going on? A desire for safety and tax relief, according to S&P Capital IQ’s J.R. Rieger. In a new note out today, he writes that with no tax relief on the horizon and strong credit quality among investment grade municipal bonds, investors are clamoring to buy in.
Regards,
Ted
http://blogs.barrons.com/focusonfunds/2015/04/20/navigating-tax-free-funds-sp/tab/print/
