Eaton Vance High Income Municipal ETF

EVYM

Market cap $56.2M

Investors increasingly seek refuge in bonds at the end of the first quarter as economic uncertainty grows. With recession and inflation risks on the rise, bonds hold strong appeal for their low correlations to equities.

Today, Eaton Vance expanded its muni fund lineup with the launch of the Eaton Vance High Income Municipal ETF (EVYM).  EVYM's objective is to generate a high degree of current income that is exempt from regular federal income tax.