Municipal ETFs

Van Eck has joined the fray with their long term offering MLN. Typically the first day results were spotty but that has been the norm for new issues.All of the long term National Municipal ETFS have sold well and the seed money has been finished. Barclays MUB, SSGA’s TFI and Powershares PZA all continue to sell well and grow in assets. Of some interest is the fact that the NY and Calif Muni ETFS are starting to show some real movement. INY, and CXA from SSGA, NYF from Barclays, PZT and PWZ from Powershares are all showing a pick up in sales. Likewise SSGAs short offering of SHM has doubled its AUM and Powershares PVI(short VRDO) continues to show consistent sales and consequent growth. What was moribund in November has become lively in late December and early January. The yields still look attractive. 

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1 Response to “Municipal ETFs”


  1. 1 jose June 21, 2008 at 12:49 pm

    this is one of the best blogs i have seen. keep up the good work


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