Bad News Confirms the Utility of This Muni ETF
November 14, 2013 at 14:07 PM EST
U.S. stocks keep racing to record highs. Money is pouring into exchange traded funds, particularly the equity-based variety and to the untrained eye, all would appear to be well as year-end nears. That is far from the case for select U.S. towns and cities. Awash in unfunded pension liabilities and...