BlackRock’s iShares National Muni Bond ETF, the biggest muni ETF with US$22.7bil (RM94.31bil) of assets, has notched inflows of US$2.2bil (RM9.14bil) so far this year. - reuters
NEW YORK: Exchange-traded funds focused on municipal bonds are raking in unprecedented amounts of cash.
The funds have seen a record US$5.8bil (RM24.10bil) of inflows in the second quarter, according to data compiled by Bloomberg, driving this year’s haul to about US$11bil (RM45.70bil). That has been a boon to the two biggest ETFs, run by BlackRock Inc and Vanguard Group, which received nearly half of the funds.
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