New ETF to Track Economic Recovery By Don Dion About this article: Today, with instruments such as the iShares S&P California AMT-Free Municipal Bond Fund, the iShares S&P New York AMT-Free Municipal Bond Fund and the iShares S&P National AMT-Free Municipal Bond Fund, investors can easily gain exposure to the municipal bond markets. However, on Tuesday, PowerShares will launch its first and only ETF listing in 2009, which will expand investors' fixed-income options even further. This fund will be the first ETF designed to track the performance of the taxable municipal bonds issued through the American Recovery and Reinvestment Act of 2009. The PowerShares Build America Bonds Portfolio Fund (BAB) will track the Bank of America Merrill Lynch Build America Bond Index. This index tracks about 1,800 investment-grade issues which, through an optimization strategy, will be sampled for the actual holdings. BAB will carry a 0.28% expense ratio. Originally, the Build America Bond program was slated to wrap... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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