A continued decline in the amount of outstanding state and local government debt should help performance.
Advisers accuse the company of misleading investors about the risk involved with the new accounts.
Diversification is making it harder than usual to keep up with the S&P 500.
As investors steer clear of risk, ETFs holding utilities, consumer staples and health care companies benefit.
Last year's tax overhaul made state and local government debt less attractive to financial institutions.
At the same time, investors are pulling funds from high-yield bond funds.
Stocks, oil and corporate bonds all plunged, while safe havens like Treasuries and gold stood still.
Whether it's crude oil, General Electric, bitcoin or bonds, things keep blowing up
Exchange-traded funds' greater liquidity through the secondary market might leave them less damaged than other alternatives, JPMorgan strategists say.
Trade tensions and the prospect of the U.S. economy overheating could limit any upside in stocks.
Two ETFs that invest in Treasury bills drew a combined $1.5 billion last week.
The banking analyst's 2010 prediction that there would be '50 to 100' defaults among state and local governments failed to pan out.
As interest rates head higher, pushing bond prices down, advisers seek safety in individual bonds.
While some investors react with alarm to market decline, others see it as an opportunity to buy low
Endowments' use of alternatives could become more attractive to individuals given the returns expected on both stocks and bonds.
Amid rising rates and a stock sell-off, traders head to safety via routes like utilities and ultra-short fixed income.
Correlated move by the two markets may signal more problems to come.
Stocks slide follows a very subdued third quarter
In past downturns, individual investors have pulled money out of munis in droves
Older investors have the lion's share of investible assets, but their age or need for current income could limit their interest in ESG equity investments.
