Recently, muni fund investors were looking at Puerto Rico, a U.S. territory with $70 billion in tax-free muni bonds, and the territory’s growing fiscal challenges, reports John Waggoner for USA Today. [Believe It: A Puerto Rico Muni ETF May Debut]
Some broad muni bond ETFs include iShares National AMT-Free Muni Bond ETF (NYSEArca: MUB), which has a 2.76% 30-day SEC yield; SPDR Nuveen Barclays Municipal Bond ETF (NYSEArca: TFI), which has a 2.65% 30-day SEC yield; and Market Vectors Intermediate Municipal Index ETF (NYSEArca: ITM), which has a 2.57% 30-day SEC yield.
Investors who are uncertain about the outlook for general obligation bonds in the wake of Detroit’s bankruptcy filing can also consider the db X-trackers Municipal Infrastructure Revenue Bond Fund (NYSEArca: RVNU). RVNU has a 4.42% 30-day SEC yield as of Sept. 30. [A Muni Bond ETF that Sidesteps Default Worries]
For more information on munis, visit our municipal bonds category.
Max Chen contributed to this article.