Seeks to maximize tax-free income through diversified exposure to short-term municipal bonds…
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BlackRock, Inc. announced today that its iShares Exchange Traded Funds (ETFs) business, the world’s largest manager of ETFs, has launched the iShares Short Maturity Municipal Bond ETF (BATS:MEAR).
iShares Short Maturity Municipal Bond ETF is actively managed by BlackRock’s municipal bond team with more than 25 years of investment experience and backed by a dedicated municipal credit research team. An active approach allows the portfolio management and research team to capitalize on municipal opportunities along the front of the yield curve and across the investment grade credit spectrum.
The fund seeks to maximize tax-free income through diversified exposure to short-term municipal bonds by investing in tax-exempt municipal bonds with maturities of less than five years. Under normal circumstances the portfolio will have an effective duration of 1.2 years or less.
iShares Short Maturity Municipal Bond ETF extends iShares current suite of short duration and municipal bond ETFs to provide investors with a wide range of investment choices backed by the investment excellence of BlackRock’s fixed income portfolio management team.
Source: ETFWorld.com
WMCR
Wilshire Micro-Cap ETF (based on the Wilshire US Micro-Cap Index)
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