Muni Bond ETFs Offer a Stable Source of Income
This article was originally published on ETFTrends.com.
Fixed-income investors can still find stable returns with municipal bonds and related ETFs For example, something like the VanEck Vectors AMT-Free Intermediate Municipal Index ETF (NYSEArca: ITM), which has a 6.93 year effective duration, shows a 2.58% 30-day SEC yield or a 4.10% taxable equivalent 30-day SEC yield for those in the highest tax bracket. “Muni [...]