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I do the “ETF of the Week” for MarketWatch every Thursday on Chuck Jaffe’s MoneyLife Show where I highlight big movers and disappointments within the exchange traded fund market.
This time, I looked at the Market Vectors High-Yield Muni ETF (NYSEArca: HYD). With investors focused on the U.S. fiscal cliff and pending tax hikes, this muni bond ETF could help shield investors from federal taxes while providing an attractive yield. [Will New SEC Chief Derail Muni Bond ETFs?]
HYD sports a 30-day SEC yield of 4.26%, according to Market Vectors, the ETF unit of Van Eck Global. [Best Muni Bond ETFs for Yield]
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.