Heavy Selling in Muni Bonds as ETF Trades at Discount
April 02, 2013 at 09:22 AM EDT
Investors pulled more than $500 million from municipal bond funds in March and the largest ETF tracking the fixed-income sector is selling at a discount to net asset value, suggesting the asset class is out of favor with investors. The $3.6 billion iShares S&P National AMT-Free Municipal Bond...