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
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
