The Van Eck Global lineup of municipal bond ETFs continues to attract assets and accolades.
Three Market Vectors national muni funds — Intermediate Municipal Index ETF (ITM), Long Municipal Index ETF (MLN), and Short Municipal Index ETF (SMB) — received four-star overall ratings from Morningstar and were recently named "Best in Class" by Kiplinger's Personal Finance magazine.
Collectively, Van Eck's six-fund family of municipal income ETFs has around $810 million in assets. The family also includes a High Yield Municipal Index ETF (HYD), a Pre-Refunded Municipal Index ETF (PRB), which seeks to track an index composed of municipal bonds that have been refinanced by their issuer and escrowed and secured by U.S. treasuries, and CEF Municipal Income ETF (XMPT), which seeks to track an index composed of municipal bond closed-end funds.