JPMorgan Municipal ETF (JMUB) is not recommended due to its conservative strategy, prioritizing high credit quality and short-to-intermediate tenor over income. JMUB's low risk profile results in a trailing yield of 3.2%, with minimal credit and interest rate risk but limited upside. The fund holds approximately 1,750 positions, mirroring index-like diversification but sacrificing higher income potential for safety.
The muni bond ETF world shook this morning with news that J.P. Morgan Asset Management (JPMAM) has merged a key muni bond fund into an existing muni bond ETF.