https://finance.yahoo.com/news/tap-muni-market-etf-etfs-120012077.htmlTap Muni Market With an ETF-Of-ETFs Approach
Sanghamitra Saha
Sanghamitra Saha
ZacksMay 27, 2019, 7:00 AM CDT
VanEck Vectors rolled out a muni bond ETF which is structured as an ETF of ETFs.
Tap Muni Market With an ETF-Of-ETFs Approach
VanEck Vectors rolled out a muni bond ETF which is structured as an ETF of ETFs.
The year 2019 is red-hot for municipal bonds that enjoyed their best start to a year this time since 2006. Muni bond funds, in fact, had their best quarter of inflows since 2009. According to Morningstar data, tax-free muni bonds garnered more than $8.8 billion in net flows in the first quarter, surpassing U.S. equity funds ($6.2 billion) and international equity funds ($1.3 billion).
VanEck Vectors Municipal Allocation ETF MAAX.