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Puerto Rico's Debt Crisis: How It Happened And Why A $1 Billion Default Is Coming Friday
June 29, 2016
On July 1, 2016, Puerto Rico will default on more than $1 billion in general obligation bonds, the island's senior credits protected ...
33 Muni Bond ETFs to Augment Income Generation
May 13, 2016
Municipal debt and bond-related exchange traded funds have been used as a relatively stable fixed-income stream for many investment portfolios. Since muni bond interest is exempt from federal taxes,...
Puerto Rico Draft Economic Plan Calls For Consolidating/Closing Schools, Cutting University Subsidies & Healthcare Spending; Would Eliminate Christmas Bonus And Vacation Days
August 26, 2015
The plan seeks to help restructure the country's debt by cutting $1B in operating expenses and increasing revenues $1B
High Yield Muni Bond ETFs May Be Oversold
August 07, 2015
Puerto Rico’s default has put pressure on a number of high yield municipal bond exchange-traded funds that hold positions in the island commonwealth, but the selling pressure may end up creating a...
Mounting concern over Puerto Rico’s ability to repay debt obligations could continue to add to volatility in high-yield municipal bond exchange traded funds. High-yield munis dropped off in late June...
Examining Your Fund’s Puerto Rico Exposure
June 30, 2015
Greece or Puerto Rico. Investors have their pick of default poison, but investors in fixed income exchange traded and mutual funds would do well to monitor goings on in Puerto Rico because the U.S....
With Greece captivating investors’ attention today, the reaction to Puerto Rico’s debt troubles might just be “Oh yeah, Puerto Rico is about to default.” That does not change the fact the U.S....
Another round of financing problems in Puerto Rico could shake the municipal debt market and bond-related exchange traded funds. According to the island’s Government Development Bank, the government...
7 muni-bond ETFs that stay on track
April 03, 2015
Municipal-bond ETFs don’t always follow their indexes closely, but Dave Fry has uncovered several that do.
Passive Muni ETFs Shed Puerto Rico Exposure
July 25, 2014
Passively managed exchange traded funds usually do not make wholesale changes to their portfolios. Most of the underlying indices for passive ETFs rebalance quarterly and even then, holding and sector...
In trading on Tuesday, shares of the Short High-Yield Municipal Index ETF (SHYD) entered into oversold territory, changing hands as low as $25.15 per share. We define oversold territory using the...
MDIV, SHYD: Big ETF Inflows
June 23, 2014
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the Multi-Asset Diversified Income Index Fund (MDIV), which added...
BWX, SHYD: Big ETF Inflows
April 14, 2014
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the SPDR Barclays International Treasury Bond ETF (BWX), which added...
XLI, SHYD: Big ETF Inflows
April 04, 2014
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the Industrial Select Sector SPDR Fund (XLI), which added 9,650,000...
Muni Bonds: Puerto Rico Readies $3 Billion in Junk Debt
March 10, 2014
After three credit ratings agencies downgraded the commonwealth territory, Puerto Rico municipal bonds have rallied and is now offering $3 billion in bonds. Investors interested in gaining exposure to...
Competitive Yields with a Short-Term Muni Bond ETF
February 13, 2014
I do the “ETF of the Week” for MarketWatch every Thursday on Chuck Jaffe’s MoneyLife Show where I highlight big movers and disappointments within the exchange traded fund market. On Thursday, I looked...
Muni Nation: Shorten Up for Rising Rates
January 23, 2014
This past Tuesday we launched SHYD, Market Vectors® Short High-Yield Municipal Index ETF. SHYD seeks to track an index that only includes bonds with 1-10 years until maturity. The focus on this...
Van Eck and AdvisorShares Debut Bond Funds; PowerShares Launches First “Century” ETF
January 16, 2014
Activity on the ETF front continued to rise this week as investors welcomed three new funds. So far in 2014, nine new funds have hit the streets; EGShares launched its first suite of EM bond ETFs...
Market Vectors Rolls Out Short-Term High-Yield Muni ETF
January 14, 2014
Although investors in municipal bond exchange traded funds have recently faced headwinds at the hands of deepening public pension crises across the U.S., the Detroit bankruptcy and financial distress...