Morgan Stanley Investment Management plans to convert eight municipal bond mutual funds with nearly $10 billion in assets into ETFs, subject to shareholder approval. Seven funds would become newly created actively managed ETFs, while the eighth would be reorganized into the existing Eaton Vance Short Duration Municipal Income ETF (NYSE:EVSM). The proposed lineup would cover national municipal bonds, California and New York markets, ultra-short and short-duration strategies, and high-yield municipal debt. The plan expands access to specialized municipal strategies that have mainly been available through mutual funds or closed-end funds and follows growing interest in tailored municipal products.