Invesco launches first-of-a-kind ETF in Europe
Invesco launches first-of-a-kind ETF in Europe Invesco has launched an ETF investing in taxable municipal bonds issued by US local governments. Listed in London, the Invesco US Municipal Bond Ucits ETF provides generally higher yields than are available from US investment grade corporate bonds without taking as much risk, the firm said. The index the ETF tracks - the ICE BofA US Taxable Municipal Securities Plus Index - is currently yielding around 0.30% more than the typical US investment grade credit benchmark, while offering higher credit quality, said Invesco, adding that the ETF is the...