Morgan Stanley is converting eight municipal bond mutual funds to ETFs. This move will transition nearly ten billion dollars in assets under management. The firm plans to launch seven new ETFs for these assets. Demand for municipal ETFs remains strong due to tax effectiveness and flexibility. These conversions are a defensive measure to retain client assets.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.