'MMIN' Offers a Muni Moment for the ETF Industry

The video discusses an interesting municipal bond fund that is both insured and actively managed. It highlights the fund's low expense ratio and its diverse holdings across various states. The fund's performance is compared to a major iShares Muni ETF, showing significant outperformance. The discussion includes insights into active management strategies, such as macro strategy and security selection, and addresses diversification and the inclusion of Puerto Rico bonds. The video also covers the history and benefits of insured bonds, using Hartford, CT as an example of fiscal stress management.

What is one of the key features of the municipal bond fund discussed in the video?

• It is a passive fund.

• It is insured for principal and interest payments.

• It has a high expense ratio.

• It only invests in California bonds.

How does the fund's expense ratio compare to the average active ETF?

• It is the same as the average.

• It is higher than average.

• It is not mentioned in the video.

• It is lower than average.

What strategy does the fund use to manage its portfolio?

• It relies solely on insurance.

• It invests only in AAA-rated bonds.

• It uses a macro strategy and bottom-up security selection.

• It follows a buy-and-hold strategy without active management.

Why might the fund choose not to heavily invest in Puerto Rico bonds?

• Due to a legal restriction on investing in Puerto Rico.

• Because Puerto Rico bonds have high returns.

• Because Puerto Rico bonds are not insured.

• Due to lack of availability and diversification needs.

What historical example is given to illustrate the benefits of insured bonds?

• The bankruptcy of Detroit.

• The fiscal stress in Hartford, CT.

• The default of California bonds.

• The financial crisis in New York City.