Eaton Vance Intermediate Municipal Income ETF (EVIM)
Saturday
8:47 AM
ThesisThe recent increase in interest rates and widening credit spreads have raised concerns about the attractiveness of municipal bonds, potentially leading to outflows from the ETF.
What Could Go Wrong
01Increased competition from new bond ETFs may pressure management fees and expense ratios.
02Rising credit spreads could indicate increased risk in the municipal bond market, potentially leading to outflows.
03Regulatory changes affecting municipal bond markets
04Potential shifts in tax policy impacting demand for tax-exempt bonds
05Increased competition from other fixed-income ETFs offering similar products
06Potential for rising interest rates to shift investor preference towards equities
07Liquidity risk associated with bond market volatility
08Potential for lower net inflows during periods of rising interest rates
