February 28, 2008 at 6:00 am by Tom Lydon
The list of choices within the municipal bond exchange traded funds (ETFs) continues to grow.
On Tuesday, Van Eck Global launched a new ETF on the American stock exchange, the Market Vectors-Lehman Brothers AMT-Free Short Municipal Index ETF (SMB), reports 24/7 Wall Street.
The fund is designed to offer investors exposure to investment-grade municipal bonds with a nominal maturity of 1-6 years. The expense ratio is 0.16%, and it will track the price and yield performance of the Lehman Brothers AMT-Free Short Continuous Municipal Index.
The growing family of options in municipal bond ETFs include:
- PowerShares Insured National Muni Bond (PZA)
- Market Vectors Lehman AMT-Free Int Muni (ITM)
- iShares S&P National Municipal Bond (MUB)
- SPDR Lehman Municipal Bond (TFI)
- PowerShares VRDO Tax-Free Weekly (PVI)
- SPDR Lehman Short Term Municipal Bond (SHM)
Tags: Bond ETFs
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