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This exchange-traded fund, the Invesco BulletShares 2029 Municipal Bond ETF (BSMT), is designed to mirror the performance of the Invesco BulletShares USD Municipal Bond 2029 Index. The Fund allocates at least 80% of its total investments to the municipal debt instruments that constitute its underlying benchmark. The index itself aims to reflect the returns of a basket of US dollar-denominated municipal securities, originated by US state, state agencies, or local governmental bodies, all maturing effectively in the year 2029. Rather than purchasing every security in the index, BSMT employs a…
Is BSMT's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ: BSMT - Get Free Report) was the target of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 46,564 shares, a growth of 29.4% from the January 15th total of 35,984 shares. Based on an average daily volume
Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ: BSMT - Get Free Report) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 49,637 shares, a growth of 84.0% from the November 30th total of 26,978 shares. Based on an average daily trading
In conjunction with Nasdaq, TMX VettaFi's Head of Research Todd Rosenbluth co-hosted an Asset Allocation Summit webinar session that targeted a growing fixed income space that continues to evolve. With fixed income ETFs crossing $325 billion in inflows in mid-October, investor interest will only increase, with options aplenty.
Municipal bonds are back to offer compelling risk-adjusted opportunities, but future decisions from Washington can either act as a tailwind or headwind. Municipal bond funds saw net inflows during 2024, first annual inflow since 2021—which was a record year. 2024 was a record year in municipal bond issuance. With attractive yields, the market may start to pay more attention to tax-equivalent yield advantages offered through municipal debt.
Specific to the muni market, perhaps the biggest surprise this year has been new issue supply that is running well ahead of expectations, up roughly 40% from last year. We think this increased summer issuance is likely the result of deals getting pulled forward, as issuers may be cautious about coming to market later in the fall ahead of what is likely to be an uncertain U.S. political climate. While municipal credit quality has already peaked, it is entering this period of moderating economic growth from a position of strength.