Vanguard Group has postponed the launch of its planned municipal bond funds, Financial Times reports. Vanguard has withdrawn its registration statements from the SEC for the short-term, intermediate-term and a long-term muni ETF, adds Reuters. The three funds have been delayed due to the volatility in the muni bond market. Outflows from muni mutual ETFs total $16.6 billion since mid-November, according to Lipper.
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