Quick Read
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Morgan Stanley Investment Management seeks shareholder approval to convert eight Eaton Vance municipal bond funds, holding nearly $10 billion, into actively managed ETFs.
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Shareholders must hold assets in an ETF-compatible brokerage account by early 2027 or risk having their positions liquidated for cash.
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A prior Eaton Vance fund conversion grew from $363 million to $6 billion after converting in 2024, but asset growth tells shareholders nothing about their own return.
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Shareholders in eight Eaton Vance municipal bond funds will soon get a ballot…
