Morgan Stanley to convert $10B municipal bond funds into ETFs
Morgan Stanley’s investment management arm will convert eight municipal bond mutual funds into exchange-traded funds, shifting nearly $10 billion in assets under management into seven newly created ETFs.
Morgan Stanley's investment management arm said on Wednesday it will convert eight municipal bond mutual funds into exchange-traded funds, moving nearly $10 billion in assets under management. The firm plans to launch seven newly created ETFs to hold most of the assets.