U.S. President Barack Obama is pushing to make the Build America Bond Program
a permanent entity, a move which might prompt more money-managers to launch BAB mutual funds.
In Thursday's Fund Track
, The Wall Street Journal's
Daisey Maxey speculates that extending the BAB program will spike investors' and fundsters' interest in the taxable municipal bonds.
Currently two fund complexes, Eaton Vance
, offer BAB ETFs, both launched in the fall of 2009.
The Build America Bonds program, part of the economic stimulus, is still set to expire at the end of 2010, but Obama has already included BAB in his 2011 budget.
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