National Municipal Bond ETF Launch (MUB)
September 10, 2007 by Douglas A. McIntyreToday 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
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.