Van Eck Rolls Out Municipal Income ETF

Van Eck Global has unveiled a new municipal income exchange-traded fund (ETF). The Market Vectors CEF Municipal Income ETF aims to focus on closed-end municipal bond portfolios of the firm.

The new portfolio is expected to distribute a monthly dividend that may not be subject to regular U.S. federal income tax. The fund will track the performance of the S-Network Municipal Bond Closed-End Fund Index.

Click here for the release from Van Eck Global.