National Municipal Bond ETF Launch (MUB)
Today marks the launch of iShares S&P National Municipal Bond Fund (Amex: MUB) by Barclays Global Investors. MUB aims to track the municipal bond sector of the United States as defined by the S&P National Municipal Bond Index.
The Index includes municipal bonds from issuers that are primarily state or local governments or agencies, Puerto Rico, the U.S. Virgin Islands, and Guam. The interest on each underlying bond is exempt from U.S. federal income taxes and the federal alternative minimum tax as determined by the Index Provider in accordance with its methodology.
Susquehanna will act as the specialist for this ETF on the American Stock Exchange.
Jon C. Ogg
September 10, 2007