Do Municipal Bond Exchange Traded Funds Improve Market Quality? – Brookings Institution
Do Municipal Bond Exchange Traded Funds Improve Market Quality? – Brookings Institution
In this article, Justin Marlowe of the Harris School of Public Policy at the University of Chicago examines the relationship between exchange-traded funds (ETFs) and the liquidity profiles of municipal bonds. Like mutual funds, ETFs own the underlying bonds and can create and redeem shares of the fund every day. Unlike mutual funds, investors in […]
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