Muni ETF Shows Active Management’s Benefits
December 09, 2010 at 14:00 PM EST
Municipal bond exchange traded funds (ETFs) have gotten smacked around of late, thanks to renewed concerns about state and local debt. But one muni bond ETF has managed to stand head and shoulders above the rest. PIMCO Intermediate Muni Bond Strategy (NYSEArca: MUNI) is up nearly 5% year-to-date,...