Existing users please login

Forgot Password

    Home / Markets / Industries / Finance

    Tuesday, November 17, 2009

    PowerShares Launches ETF For Build America Bonds

    | Respond to Editor | Print

     
    By Deborah Levine
    MarketWatch Pulse
       

      NEW YORK -- Invesco Ltd.'s PowerShares unit launched a new taxable exchange-traded fund on Tuesday, to help investors buy in Build America Bonds, a federally-subsidized form of taxable municipal debt that helps states and local municipalities get a better deal on selling taxable debt to finance capital projects. The fund comes after issuers have sold almost $50 billion in the securities since the program began in April. The ETF will be benchmarked to the Merrill Lynch Build America Bond Index, according to a release from NYSE Euronext . Also on Tuesday, Eaton Vance launched Eaton Vance Build America Bond Fund , the first actively-managed mutual fund designed to invest in BABs.

      Copyright © 2009 MarketWatch, Inc.

      Fox Business Video


      Last 5 Stocks

      • Ticker
      • Company
      • Price
      • Change
       

      Personal Finance - Investing - Financial News - Business News - Stock Market Quotes & News - Small Business

      Advertise with us | Jobs at FOX Business Network | Internships at FBN

      Terms of use. Privacy Statement. For FOXBusiness.com technical issues write to foxbusinessonline@foxbusiness.com; for all other feedback, write to feedback@foxbusiness.com.

      Quotes delayed at least 15 minutes. Market Data provided by Interactive Data (Terms & Conditions). Powered and implemented by Interactive Data Managed Solutions. Company fundamental data provided by Morningstar. Earnings estimates data provided by Zacks. Mutual fund data provided by Lipper. Economic data provided by Econoday. Dow Jones & Company Terms & Conditions.

      This material may not be published, broadcast, rewritten, or redistributed. ©2010 FOX News Network, LLC. All rights reserved.