Could ‘Super Downgrades’ Hit Muni Bond ETFs?
January 31, 2012 at 08:46 AM EST
Municipal bond exchange traded funds racked up impressive returns in 2011 but there are worries the fixed-income funds could take a hit this year on downgrades as rating agencies revamp their methodologies. Muni bonds may see “super downgrades” of two or more notches that could have a dramatic...