New ETF Invests in Closed-End Muni Bond Funds
July 14, 2011 at 15:30 PM EDT
Investors can now access many closed-end municipal bond funds in a single wrapper with an exchange traded fund from Van Eck. Market Vectors CEF Municipal Income ETF (NYSEArca: XMPT) is designed to appeal to investors hunting for income with many bonds offering thin yields. ETFs tracking muni bonds...