Manager perspectives

The rise of the muni ETF investor: Q&A with Justin Schwartz

March 01, 2024

A line chart shows the growth of the ETF share of ’40 Act funds from January 1997 through December 2023. Equity ETFs led the growth trajectory, followed by taxable bond ETFs and then municipal bond ETFs. The percentage of municipal bond ETFs began to grow around 2008 and this trajectory has been steepening in recent years.

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Justin Schwartz
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