Invesco California AMT-Free Municipal Bond ETF Price & Performance (PWZ)

The Invesco California AMT-Free Municipal Bond ETF (PWZ) sees increased scrutiny as policymakers debate the tax-exempt status of municipal bonds. Recent market volatility and potential regulatory changes add to investor concerns. Despite challenges, the ETF's yield remains a potential draw for income-focused investors.12

Municipal bond ETFs like PWZ have underperformed compared to the S&P 500 over the past year. While PWZ saw a 3.77% decline, the S&P 500 gained 10.45%. This contrast highlights challenges in the municipal bond sector, including interest rate pressures and market sentiment shifts.13

Amid growing uncertainty in fixed income markets, the Invesco California AMT-Free ETF (PWZ) reflects broader trends. With a 0.28% expense ratio and recent underperformance, it faces competition from other ETFs offering higher returns. Investors weigh these dynamics in crafting diversified portfolios.32