Muni Bond ETF Sideways as Fund Investors Keep Pulling Cash
April 07, 2011 at 13:59 PM EDT
The largest exchange traded fund (ETF) for U.S. municipal bonds has traded sideways lately even though nervous mutual-fund investors have yanked money from the category for 21 weeks running. The $2 billion iShares S&P National AMT-Free Municipal Bond Fund (NYSEArca: MUB) has traded in a tight...