This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Van Eck’s Market Vectors® Suite Of Municipal Bond ETFs Continues To Attract Assets, Recognition

Stocks in this article: HYDITMMLNPRBSMBXMPT

The Van Eck Global lineup of municipal bond exchange-traded funds (ETFs), continues to attract assets and accolades.

The three Market Vectors national muni funds – Intermediate Municipal Index ETF (NYSE Arca: ITM), which seeks to track an index comprised of intermediate term tax-exempt bonds, Long Municipal Index ETF (MLN), which seeks to track an index comprised of long term tax-exempt bonds and Short Municipal Index ETF (SMB), which seeks to track an index comprised of short term tax-exempt bonds – have all received four-star overall ratings from Morningstar as of October 31, 2011, while ITM was recently named “Best in Class” by Kiplinger’s Personal Finance magazine. Collectively, the six-fund family of municipal income ETFs, which also include High Yield Municipal Index ETF (HYD), which seeks to track an index composed of higher-yield, lower-rated municipal bonds, Pre-Refunded Municipal Index ETF (PRB), which seeks to track an index composed of municipal bonds that have been refinanced by their issuer and escrowed and secured by U.S. treasuries and CEF Municipal Income ETF (XMPT), which seeks to track an index composed of municipal bond closed-end funds had approximately $810 million in assets, with ITM recently crossing the $300 million mark (both as of November 11, 2011).

“At the time we introduced these municipal ETFs to the market, there was some question as to how investors would react to investing in tax-exempt bonds through an exchange-traded fund,” said Jan van Eck, Principal at Van Eck Global. “Now, four years later, we are starting to see an acceleration of assets moving into these funds.”

As with other ETFs, municipal bond ETFs generally offer investors higher levels of liquidity and transparency, as well as lower costs, when compared to traditional open-end mutual fund products. The suite of Market Vectors municipal bond ETFs allow investors to access a range of risk/reward opportunities based on the duration and credit quality of the underlying bonds included in each ETF.

1 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,827.75 +12.81 0.07%
S&P 500 2,072.83 +5.80 0.28%
NASDAQ 4,787.3170 +29.0650 0.61%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs