New ETF looks to profit from municipal bonds

From CNBC: 2024-04-06 11:00:01

A new ETF called TAXX in the municipal funds space, managed by Joanna Gallegos of BondBloxx, focuses on after-tax income opportunities. With almost 62% of holdings in municipal bonds, it also includes exposure to corporate and securitized bonds. The fund’s tax-equivalent yield is close to 6%.

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