Municipal bond funds are attractive fixed-income investments because they are exempt from federal income taxes. Consequently, the muni ETFs provide enticing tax-exempt yields.
At a time when many states and cities are facing public pension issues, the Deutsche X-Trackers Municipal Infrastructure Revenue Bond Fund (NYSEArca: RVNU) is another muni bond ETF for advisors and investors to consider.
RVNU seeks to reduce exposure to public pension risk, not avoid or eliminate it, by focusing solely on bonds that fund, state and local infrastructure projects such as water and sewer systems, public power systems, toll roads, bridges, tunnels, and many other public use projects.
Market Vectors High Yield Municipal Index ETF
Tom Lydon’s clients own shares of HYD.