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The name is an acronym for the first member of the family, the Standard & Poor's Depositary Receipts, now the SPDR S&P 500 Trust ETF, which is designed to track the S&P 500 stock market index. The SPDR S&P 500 Trust is the largest ETF in the world by total assets under management.
Municipal bonds and the related exchange traded funds are popular with conservative, income-seeking investors and those looking for some tax-advantaged investments. Munis also help diversify fixed ...
This is essentially how tax-free municipal bonds work. Investors lend money to the government in exchange for periodic interest payments until the bond reaches its maturity date, at which point ...
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The largest ETF, as of April 2021, was the SPDR S&P 500 ETF Trust (NYSE Arca: SPY), with about $353.4 billion in assets. The second-largest was the iShares Core S&P 500 ETF with around $270.0 billion ( NYSE Arca : IVV ), and third-largest was the Vanguard Total Stock Market ETF ( NYSE Arca : VTI ) with $213.1 billion.
In October 2007, several pension funds sued State Street Corp. for the alleged mishandling of several bond funds managed by SSGA. [28] In 2008, State Street Bank was sued by Trust Co. for Fixed Income Funds Investment. [29] The case was settled in 2010. [30]
In many cases, it could make sense to go with a lower-yielding tax-free bond than a high-yielding traditional bond, because the after-tax yield on the muni bond is ultimately higher.
A municipal bond, commonly known as a muni, is a bond issued by state or local governments, or entities they create such as authorities and special districts. In the United States, interest income received by holders of municipal bonds is often, but not always, exempt from federal and state income taxation.