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Stock impact report

Muni Managers Launch Record ETFs to Build on $142 Billion Market [Yahoo! Finance]

Blackrock Health Sciences Trust (BME) 
Company Research Source: Yahoo! Finance
Brace for a Nationwide Shuffle of Corporate Headquarters A Chicago Skyscraper Cements the Legacy of a Visionary Postmodern Architect Cloud Computing Tax Threatens Chicago's Silicon Valley Dream San Francisco, Paris Named Best Cities for Urban Transportation DC Business Leaders Welcome Return-to-Office Policy Under Trump There have been 27 muni exchange-traded fund launches this year, marking an annual record as firms like PGIM and Rockefeller Asset Management muscle into the space. That momentum represents a longer-term bet on ETFs that cater to state and local-government debt investors, given it can take years for the products to garner substantive inflows. “If they're currently in the mutual fund business, they need to have a presence in the ETF market,” said Patrick Luby, a strategist at CreditSights Inc. The launches are indicative of the direction asset managers see the market going, he said. “Where is the muni puck going to be in three or five or 10 years? It's goin Show less Read more
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