Municipal bond funds saw an outflow of $1.5 billion during the week ended Wednesday.
Raymond James has been on a hiring spree for its public finance division for years.
Skittish investors have been lured back to the market to get higher yields ahead of interest rate cuts.
Retirement plans are seeking higher returns, but there are risks.
A Chicago City Council committee advanced a measure Tuesday to raise taxes on the sale of properties over $1 million, making the third-largest U.S...
These ETFs have garnered about $3.9 billion so far this year, down from $14.8 billion a year earlier.
Chicago's pensions have enough assets to cover only about 25% of what they owe.
Illinois has made strides in recent years toward shoring up its finances, aided in part by billions in federal aid.
As Vanguard sees it, the turbulence roiling markets from equities to Treasurys has spooked muni investors.
Last year, municipal issuers sold about $454 billion in long-term debt as the pandemic shuttered businesses.
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