Invesco launches first municipal bond ETF in Europe with eye on income investors

'Munis' offer lower default rates than US investment grade credit

Invesco has launched the first ETF in Europe providing exposure to taxable municipal bonds, an asset class that which has been "difficult for investors to access", according to the firm.

The Invesco US Municipal Bond UCITS ETF will provide investors with higher yields than are generally available from the US investment grade credit market without taking on additional credit risk, Invesco...