Bloomberg ETF analyst Eric Balchunas said in a post on X that Morgan Stanley has filed an unusual ETF application covering several Eaton Vance state municipal bond products. According to his description, those products currently exist only as closed-end funds or mutual funds rather than as exchange-traded funds. Balchunas added that the proposed ETFs could perform well if their fees come in at institutional levels or lower. The filing stands out because it involves bringing a group of existing Eaton Vance municipal bond strategies into ETF form, based on the information he shared. No additional filing details were provided in the source text beyond the products involved and Balchunas’ view on fee sensitivity.
Morgan Stanley has filed what Bloomberg ETF analyst Eric Balchunas described as an uncommon ETF application involving several Eaton Vance state municipal bond products, according to a post he published on X.
The products currently exist in other fund structures
Balchunas said the products are available today only as closed-end funds or mutual funds, not as ETFs.
Fee levels may shape reception
In his view, the ETFs could do well if management fees are set at institutional levels or lower.
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