Matt—you raise an interesting point about ETFs affecting muni bond markets. They've been accused of the same in commodities. Here's what I think.
Well, the Muni ETFs have finally arrived, and we've got the perfect in depth look at them to help you make sense of the various offerings.
It kind of feels like that seminal moment in every market cycle, when the pretenders begin to be weeded out by reality.
I had not caught the FTSE RAFI ad in the Wall Street Journal. That sounds like a RAFI in conjunction with a PowerShares ad to me. What did the small print say?