Municipal bonds went out of favor in late 2010 when financial analyst Meredith Whitney predicted massive defaults in the muni bonds market. However, muni bond funds have attracted $50 billion in assets over the last 14 months as investors looked for additional sources of yields with comparatively strong credits.
“The fallout from Whitney’s comments was substantial,” Jim Colby, a senior strategist at Market Vectors, said in the article.
Some muni bond ETFs include:
- iShares S&P National Municipal Bond Fund (NYSEArca: MUB): 1.64% 30-day SEC yield
- SPDR Nuveen Barclays Capital Short Term Municipal Bond ETF (NYSEArca: SHM): 0.40% 30-day SEC yield
- SPDR Nuveen Barclays Capital Municipal Bond ETF (NYSEArca: TFI): 1.65% 30-day SEC yield
- PowerShares Insured National Municipal Bond Portfolio (NYSEArca: PZA): 2.97% 30-day SEC yield
- Market Vectors Intermediate Municipal Index ETF (NYSEArca: ITM): 1.86% 30-day SEC yield
For more information on munis, visit our municipal bonds category.
Max Chen contributed to this article.