FYI: First smart beta investing took stocks by storm. Then it moved to bonds. Now it’s making its way to the $3.8 trillion market for U.S. municipal debt.
Columbia Threadneedle Investments, known for its municipal-bond mutual funds, has filed for an exchange-traded fund called the Columbia Multi-Sector Municipal Income ETF, which will seek to replicate the performance of a muni market index with a “rules-based” and “strategic beta” approach, according to a May filing with the U.S. Securities and Exchange Commission.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-09-06/smart-beta-etfs-take-on-the-3-8-trillion-municipal-bond-market?srnd=etfs
