Invesco Rochester High Yield Municipal ETF

IROC

Market cap $137M

For decades, traditional index-based ETFs have served as the low-cost foundational anchor for core allocations, consistently demonstrating that outperforming a broad market index is an uphill battle.

Fixed income is once again a place of exciting opportunities for investors. From U.S. and ex-U.S.

The Federal Reserve's recent rate cut of 25 basis points didn't come as a surprise to the majority of the capital markets. However, it did leave the door of uncertainty open for just how aggressive or conservative the central bank will be with monetary policy moving forward.

ETF providers have been quick to launch a bevy of new active funds at a quickened pace given the current trend. The same can be said for fixed income allocation.