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Vanguard Defers Muni Bond ETFs Launch

Vanguard Group has postponed the launch of its planned municipal bond funds.

Vanguard Group has postponed the launch of its planned municipal bond funds, Financial Times reports. Vanguard has withdrawn its registration statements from the SEC for the short-term, intermediate-term and a long-term muni ETF, adds Reuters.

The three funds have been delayed due to the volatility in the muni bond market.Outflows from muni mutual ETFs total $16.6 billion since mid-November, according to Lipper.

Click here for the story from Financial Times.

Click here for the additional coverage from Reuters.

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