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)

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