Capital Group Junk Muni ETF’s Assets Jump 639% After Inflow
A construction worker repairs a road in Washington, DC.
Photographer: Al Drago/BloombergA high-yield municipal-bond fund run by Capital Group saw the biggest inflow of any US-based exchange-traded fund on Friday, with an infusion of $1.54 billion.
The Capital Group Municipal High-Income ETF had $241 million of assets on Thursday. One day later, that had jumped to $1.78 billion, a 639% gain, after the massive influx of cash, the data shows.