Eaton Vance Municipal Bond Fund (EIM) : * EATON VANCE MUNICIPAL BOND FUND ANNOUNCES COMMENCEMENT OF TENDER OFFER Source text: Further company coverage:
- MFS Investment Management, the Boston-based asset manager that unveiled the world's first open-ended mutual fund a century ago, is making a foray into exchange-traded funds with the launch of five ETFs on Thursday. Three of the ETFs are tied to the stock market, while the other two offer core bond and municipal bond exposure, respectively, the firm said in a press release.
MFS Investment Management, the Boston-based asset manager that unveiled the world's first open-ended mutual fund a century ago, is making a foray into exchange-traded funds with the launch of five ETFs on Thursday. Three of the ETFs are tied to the stock market, while the other two offer core bond and municipal bond exposure, respectively, the firm said in a press release.
Mexican law enforcement announced on Tuesday the arrest of a top municipal security official for the assassination of the mayor of the capital of the violence-plagued state of Guerrero. The murder and decapitation of Chilpancingo Mayor Alejandro Arcos shocked the country, coming just days after he took office.
-The U.S. Securities and Exchange Commission fined on Tuesday 12 municipal advisors more than $1.3 million to settle civil charges that they failed to preserve electronic communications such as text messages. The charges were the latest in the SEC's series of enforcement actions concerning "off channel" communications in the financial sector.
The U.S. Securities and Exchange Commission on Tuesday fined 12 municipal advisors more than $1.3 million to settle civil charges that they failed to preserve electronic communications such as text messages.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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