PowerShares National AMT-Free MuniBd ETF (PZA)
NYSEArca - NYSEArca Delayed Price. Currency in USD
- Forbes•6 days ago
Municipal bonds are popular with retirees because they provide tax-free income. Some pay secure yields above 6%, which translates to 10% tax-equivalent payouts to folks in high tax brackets. But buying individual municipal bonds isn’t easy. Many brokers don’t offer them, and the ones that do usually try to sell low
- ETF.com•10 days ago
In the first half of the year, some of the largest existing holders of municipal bonds increased their investments in munis: Total individual ownership increased by $62 billion, bank portfolio ownership increased by $25 billion and insurance companies added $7 billion. Even nonmuni bond mutual funds added $9 billion of munis, and non-U.S. investors added $2 billion.
- ETF.com•3 months ago
The global decline in yields has made some municipal bonds—taxable and tax-free—worth considering as higher-yielding alternatives to taxable bonds. In fact, they have been attractive enough that even non-U.S. investors and nonmuni-bond mutual funds were net buyers of munis in the first quarter (up $2 billion and $2.4 billion, respectively, based on the “Flow of Funds” report from the Federal Reserve on June 9). Taxable Muni ETFs …