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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]

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