J.P. Morgan Asset Management Launches Intermediate Municipal ETF: JMUB

J.P. Morgan Asset Management today announced the launch of the JPMorgan Municipal ETF (JMUB), an actively managed intermediate municipal ETF that aims to preserve capital while providing income free from federal income taxes. The strategy invests the majority of its assets in intermediate-term municipal securities, producing income that is exempt from federal income taxation. The fund will focus on investment grade municipal securities, but has the ability to tactically enter the high yield municipal space as opportunities emerge.