Municipal ETFs Phase Two

Tomorrow will mark the second phase of the Municipal ETF onslaught. A total of 5 new Muni ETFs will be allocated on the Amex. This includes 3 from Powershares, including a National Insured, a California Insured and a New York Insured. Barclays will roll out two more to go with their first to market MUB. They are California and New York. Both State Street and Van Eck have further offerings on the near horizon totalling at least 5.

Sales of both MUB(Barclays) and TFI(State Street) continue to be steady and seem to be attracting true retail orders which means sticky assets-a boon to both issuers.


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