Indices Offer Additional Maturity-Based Views Into the Municipal Bond Market…..
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Standard & Poor’s announced that it has expanded its family of municipal bond indices with the launch of the S&P 1-5 Year National AMT-Free Municipal Bond Index and the S&P Intermediate Term National AMT-Free Municipal Bond Index.
Index constituents for the S&P 1-5 Year National AMT-Free Municipal Bond Index and the S&P Intermediate Term National AMT-Free Municipal Bond Index are derived from Standard & Poor’s/Investortools Municipal Bond Index. On a monthly basis, index constituents undergo a review and rebalancing in order to seek to ensure that the Index remains current, while avoiding excessive turnover. Index returns and other statistics are calculated daily.
The S&P 1-5 Year National AMT-Free Municipal Bond Index and the S&P Intermediate Term National AMT-Free Municipal Bond Index join a municipal bond index family that currently includes the following indices:
S&P National AMT-Free Municipal Bond Index
S&P Short Term National AMT-Free Municipal Bond Index
S&P California AMT-Free Municipal Bond Index
S&P New York AMT-Free Municipal Bond Index
Source: ETFWorld – Standard & Poor’s
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