Capital Group Taps Bloomberg for Muni Evaluations

Bloomberg's BVAL service, which prices almost a million municipal bonds daily, will support pricing of Capital Group's more than $1.4 trillion in assets under management.

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Officials say Capital Group chose Bloomberg BVAL for its broad pricing coverage of almost a million municipal bonds each day, access to in-house evaluation teams, and transparency into the vendor’s pricing models. Bloomberg creates the evaluated prices using  a quantitative approach that first values actively traded bonds and applies that to derive relative value prices for comparable but less liquid securities.

“We have made strategic investments in the quality and coverage of our evaluated pr

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