Finance5h ago
Morgan Stanley shifts $10 billion in municipal bond mutual funds to ETFs
Morgan Stanley is converting eight municipal bond mutual funds to ETFs. This move will transition nearly ten billion dollars in assets under management. The firm plans to launch seven new ETFs for these assets. Demand for municipal ETFs remains strong due to tax effectiveness and flexibility. These conversions are a defensive measure to retain client assets.
This story was originally reported by Economic Times — Markets. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.
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