ETF Demand Reshapes Muni Dynamics
Strong demand for municipal exchange-traded funds is shifting the state and local bond market's dynamics and masking flow trends. A single mutual fund conversion last week made what was actually an inflow look like nearly $1 billion in outflows, according to JPMorgan. Bloomberg's municipal bonds reporter Maxwell Adler discussed the story on "Bloomberg Markets" with Vonnie Quinn. (Source: Bloomberg)
Strong demand for municipal exchange-traded funds is shifting the state and local bond market's dynamics and masking flow trends. A single mutual fund conversion last week made what was actually an inflow look like nearly $1 billion in outflows, according to JPMorgan. Bloomberg's municipal bonds reporter Maxwell Adler discussed the story on "Bloomberg Markets" with Vonnie Quinn. (Source: Bloomberg)
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