Muni market is ‘moving toward ETFs.’ What are the risks and yields? - MarketWatch
1. Municipal bond ETFs are expanding, attracting wealthy investors seeking tax-exempt income. 2. Morgan Stanley plans to launch a high-yield muni ETF amid growing interest. 3. BlackRock's high-yield muni ETF targets income and capital appreciation through active management. 4. Risks include potential tax exemption elimination, though likely very low probability. 5. Strong historical recovery track from natural disasters supports municipal credit strength.