Muni Catchup 8/4
My latest article on muni ETFs was published today on ETF.com.
Municipal bond yields may be low, but the total returns for most municipal bond ETFs have been very strong—higher than some equity returns. In addition, over the last six months, almost all muni ETFs have been negatively correlated to SPY; yet some muni ETFs have been better diversifiers than others.
Read the article for details. You can also visit my author page while you’re there if you want to read my earlier articles on muni ETFs.