What is the iShares S&P National Municipal Bond ETF Fund all about?
The name of the fund is iShares S&P National Municipal Bond Fund and this ETF fund based upon the municipal bonds is designed to track a liquid, institutional-quality municipal bond index. The underlying index that will be tracked by the iShares S&P National Municipal Bond ETF Fund is the S&P National Municipal Bond Index SPMUNUST . This index is a broad, comprehensive, market value-weighted index designed to measure the performance of the investment-grade U.S. municipal bond market. A bond must be denominated in US Dollars & must have a rating of at least BBB- by Standard & Poor’s, Baa3 by Moody’s, or BBB- by Fitch for inclusion in this index. On 1st August 2008, the Index consists of approximately 7,580 bonds, with a total market value of approximately US$ 478.8 billion. What are the benefits of iShares S&P National Municipal Bond ETF Fund? This iShares S&P National Municipal Bond ETF Fund is actually a unique product, as here both the investors and traders can bet or invest their mo
