FMB News and Press, First Trust Managed Municipal ETF From 05/25/22

Children in high poverty areas are two and a half times more likely to get lead poisoning than children in low poverty areas. Newark is one of the few success stories out there. One of the investments made over the last year was in a large water utility system in the Northeast. ...

The war in Ukraine clearly triggered the spike in oil prices and in agricultural prices as well. Inflation, interest rates and Fed policy are linked. Similarly, supply chain disruptions, the slowdown in China, and big-tech reversals are all Covid-related. The bottom line right now...

The Dow Jones Industrial Average suffered its largest one-week loss since the fund-flows week ended March 18, 2020. The Dow booked its largest one-week losing streak since the fund-flows week ended March 25, 2020, on Wednesday, May 11, after the April consumer price index showed U.S. ...

Municipals posted another month of negative total returns amid vastly rising interest rates. Supply-and-demand dynamics weighed on the market, but should improve in the coming months. Valuations look increasingly attractive relative to other fixed income asset classes. For f...

The financial community were net sellers of fund assets including both conventional funds and exchange traded funds for the week according to the latest Refinitiv Lipper fund flow report. Investors retracted a total of $23.5B from the marketplace, marking the second week in a row of consecuti...

Stolen, plundered, looted, and the list goes on. It is what has happened to our portfolios since the beginning of the year. Bonds, equities, you name it. While the Fed’s policies may well help our rate of inflation, now at 9.75%, averaging the PPI and the CPI, I do not see high...

In the long-term cycle of municipal bond fund flows, extended periods of withdrawals can often help improve valuations across the marketplace, creating more appealing entry points to invest. Muni outflow cycles have created an expanded set of opportunities for active fund managers in ...

We’re in the midst of a pretty significant outflow cycle - $20 billion-plus out of the municipal asset class to start the year. The impact on prices has been further compounded by tax-related selling. There’s also an increase in supply on the horizon. Major muni indi...

With U.S. bond market yields rising to levels not seen since 2018–19, market participants appear to be debating whether rates have further room to rise from here or whether the increases now represent a renewed buying opportunity to go long duration. The rise in UST yields thus...

We believe municipal bonds have reached compelling valuations versus U.S. Treasuries, creating a buying opportunity. Historically, 10-year municipal yields have averaged around 85% of comparable U.S. Treasuries, providing attractive after-tax return for investors above the 15% tax rat...