This Day On The Street
Continue to site
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

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

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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.94 0.26%
FB $101.95 0.04%
GOOG $683.03 -0.01%
TSLA $150.83 0.24%
YHOO $27.02 0.97%


Chart of I:DJI
DOW 15,953.63 +293.45 1.87%
S&P 500 1,862.48 +33.40 1.83%
NASDAQ 4,334.9560 +68.1190 1.60%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs