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| Bonds Online |
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| 5/10/2013Market Performance |
| Municipal Bonds |
|---|
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S&P National Bond Index
|
3.00% |
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S&P California Bond Index
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2.96% |
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S&P New York Bond Index
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3.13% |
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S&P National 0-5 Year Municipal Bond Index
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0.70% |
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| S&P/BGCantor US Treasury Bond |
400.09 |
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| More |
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| Income Equities: |
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| Preferred Stocks |
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S&P U.S. Preferred Stock Index
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848.03 |
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S&P U.S. Preferred Stock Index (CAD)
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636.26 |
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S&P U.S. Preferred Stock Index (TR)
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1,701.05 |
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S&P U.S. Preferred Stock Index (TR) (CAD)
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1,276.26 |
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| REITs |
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S&P REIT Index
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174.07 |
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S&P REIT Index (TR)
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425.30 |
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| MLPs |
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S&P MLP Index
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2,469.58 |
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S&P MLP Index (TR)
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5,428.50 |
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See Data
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Will These ETFs Stick Around? |
SmartMoney - Sept. 28, 2010 - by J. Alex Tarquinio
The federal government created Build America Bonds last year as a way for cities and states to issue municipal-bond debt more cheaply. But as it turns out, the program had a side effect: It created a whole new category for the exchange-traded-fund industry to exploit. But are these new bond-stuffed ETFs worth owning?
Some investors clearly think so. The larger of two new bond-focused ETFs, the PowerShares Build America Bond Portfolio, which yields 5.6 percent, has pulled in more than $560 million since it started trading in November. There are at least two more similar ETFs on the way. The bonds and the corresponding ETFs have become popular because they pay higher interest than corporate bonds with similar credit ratings, says Timothy Strauts, an ETF analyst at Morningstar.
But there are a couple of catches. For one thing, the interest on a Build America Bond, unlike that on most conventional municipal bonds, is taxable, so investors have to pay the IRS on any gains from the Build America ETFs, too. Then there’s the question of whether Build America Bonds will be around much longer; the program is set to expire at year’s end. Congress likely will extend the program because “many municipalities still need funding in a bad way,” Strauts says. As for the PowerShares ETF, the fund will look at buying other taxable municipal bonds if the Build America program ends, says Phil Fang, a portfolio comanager.
Read more: Will These ETFs Stick Around? - Investing - ETFs - SmartMoney.com http://www.smartmoney.com/investing/etfs/will-these-etfs-stick-around/#ixzz11OuzHFu3
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| Stuff to look at |
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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