FMB News and Press, First Trust Managed Municipal ETF From 03/06/22

Emerging Markets are outperforming the rest of the world, due in large part to windfall profits in the commodities-exporting countries of South America and the Middle East. If you want to follow the money, this is a good place to start. Money has been flowing out of tech, consumer dis...

Non-U.S. markets, including EM, DM, and Asia, are outperforming the U.S. markets after underperforming last year. After slightly underperforming growth last year, value is where the money is flowing. With the economy still in growth mode, cyclical stocks should do better than defe...

In January 2022, volatility in the muni bond market picked up as yields saw their largest increase since the first quarter of 2021. Fundamentals in the municipal bond market today remain sound, while technicals — although slightly weaker as of late — look healthy to us. ...

Investors that hold bonds to maturity earn the yield at which they purchased the security, and at maturity, they get paid face value. The US government issues its own currency and can always pay for anything with the Fed’s newly created money. Fixed income investors have go...

It doesn’t matter what inflation measure you prefer — all are much higher than people have been used to over the past few years. We do expect the monthly inflation numbers to moderate over time. Another effect from the president’s bill being on hold is that th...

The Infrastructure Investment and Jobs Act is one of several positive drivers for municipal bonds in the new year. The most significant impact of the IIJA for municipal bond investors is likely to be incremental supply of muni bonds. Heading into 2022, the municipal market finds i...

Revised infrastructure bill and declining interest rates drove strong performance. Higher market supply was easily absorbed by robust demand. We expect the market to benefit from favorable seasonal trends in December and January. For further details see: Municipal Market...

Impact investing and municipal bond investing are a natural fit. Health is another area where municipal finance can bridge gaps. Global economies will need to galvanize more than US$100 trillion to address climate and social justice challenges in the years ahead. For further...

Taking an active approach in fixed income will be key to finding investment success in the upcoming year. In 2022, we expect the market narrative to transition to the traditional expansionary phase of the business cycle. We believe 2022 will be a strong year for “rising sta...

Interest rate volatility prompted another month of negative total returns. Below-average issuance was counterbalanced by a slowdown in demand. November could provide opportunities ahead of seasonal strength in December and January. For further details see: Muni Seasonal ...