State Street and Nuveen Teaming Up On a New Active Muni ETF February 5, 2021
With yields low and some states facing fiscal challenges, active management and municipal bonds could be an ideal match for many income investors.
State Street Global Advisors and Nuveen are tapping into that theme with the
MBND “will mainly draw its holdings from the Bloomberg Barclays 3-15 Year Blend (2-17) Municipal Bond Index, which covers investment-grade debt with two to 17 years of maturity remaining. The portfolio can hold a wide variety of types of municipal debt from a variety of entities, from states and territories drilling down to counties and districts, according to a statement.