VanEck Vectors High-Yield Municipal Index ETF

Most Recent

  • uploads///Part
    Real Insights

    Tobacco Bonds Have Flourished This Year

    Tobacco bonds are one of the largest, most liquid, and highest-yielding segments in the municipal bond space (HYD) (ITM) (SMB).

    By VanEck
  • uploads///money _
    Real Insights

    2018 Fixed Income Outlook: Why Munis Are Getting Attention

    2017 was a good year for both the stock market (SPY) as well as the debt market.

    By VanEck
  • uploads///Municipalities
    Real Insights

    Why Municipalities Have to Prevent Cyber Attacks

    The services provided by municipal borrowers have always been, and remain, vital to our everyday life. The need to protect these services from possible disruption has become ever more important.

    By VanEck
  • uploads///Tobacco Bonds Have Been Very Volatile
    Real Insights

    Do Tobacco Bonds Warrant a Place in Your Portfolio?

    Tobacco bonds have been volatile in the last seven years. Falling MSA payments caused the volatility. Tobacco bonds offer relatively good cash flow returns.

    By VanEck
  • uploads///Breakdown of the High Yield Municipal Bond Market
    Real Insights

    Can Tobacco Bonds Still Be Attractive?

    Tobacco bonds could still be a decent investment. When there’s a default, tobacco bonds behave differently than corporate bonds.

    By VanEck
  • uploads///Cigarette Consumption in America Has Declined over the Years
    Real Insights

    Why MSA Payments Are Falling despite High Profits

    The most important factor that’s impacting settlement payments under the MSA is US cigarette consumption. People don’t smoke that much anymore.

    By VanEck
  • uploads///Master Settlement Agreement Payments Have Been Declining
    Real Insights

    What Are Tobacco Bonds?

    Tobacco bonds are a highly liquid, large, and high-yielding sector. Tobacco bonds belong to the municipal high-yield bond market (HYD).

    By VanEck
  • uploads///Puerto Ricos Default Highest Among US Municipal Defaults
    Macroeconomic Analysis

    Puerto Rico Records Largest Bankruptcy among US Municipalities

    Despite its bankruptcy filing, Puerto Rico has the option to negotiate with its creditors outside the court. It could go through a process equivalent to a Chapter 9 bankruptcy filing.

    By Mary Sadler
  • uploads///High number of Puerto Rico Bankruptcies
    Macroeconomic Analysis

    Puerto Rico’s Increasing Defaults Lead to Bankruptcy in 2017

    The board overseeing Puerto Rico (PZT) (HYMB) filed for bankruptcy protection in a much-anticipated move in 2017.

    By Mary Sadler
  • uploads///losssectors
    Company & Industry Overviews

    Why Are Investors Flocking to Safer Bonds?

    Treasuries recorded a spike in their yields last year due to the sell-off after Donald Trump’s victory.

    By VanEck
  • uploads///Chart
    Company & Industry Overviews

    Is There an Opportunity in a Muni Sell-Off?

    With their high yields, low prices, and tax-efficient returns, muni bonds (HYD) (ITM) could be available to investors at a dirt cheap rate in the coming months.

    By VanEck
  • uploads///Chart
    Company & Industry Overviews

    Increased Muni Issues to Fund Infrastructure Spending

    The downfall for muni bonds (HYD) (ITM) (MLN) began in October 2016 after the muni market was flooded with new issues for state and local governments.

    By VanEck
  • uploads///Chart
    Company & Industry Overviews

    Looming Uncertainty of Puerto Rico’s Debt Crisis

    Puerto Rico is currently in a meltdown mode. Over the past decade, it has accumulated $70.0 billion in public debt, which is close to 68.0% of its GDP.

    By VanEck
  • uploads///Chart
    Company & Industry Overviews

    Tax Reform Is Full of Unknowns

    President-elect Donald Trump’s tax reforms could bring cheers from taxpayers, but the tax bracket changes may not be well received by muni bond investors.

    By VanEck
  • uploads///Chart
    Company & Industry Overviews

    What a Trump Presidency Means for Municipal Bonds

    After investors’ post-election U-turn, some tailwinds turned to headwinds for municipal bonds. Investors moved money out of bond funds amid expectations of a Fed rate hike.

    By VanEck
  • uploads/// ITM Performance
    Company & Industry Overviews

    Intermediate-Term Municipal Bonds Are in a Sweet Spot

    Immediate-term bonds (ITM) are better placed since investors take less of an interest rate risk.

    By VanEck
  • uploads///A ITML Top  holdings
    Company & Industry Overviews

    ITML: Taking a Less Conservative View of the Marketplace

    With a longer duration of the intermediate bonds rate curve, ITML is best suited for investors who are uncertain about the movement of interest rates in the near future.

    By VanEck
  • uploads///A ITMS Top  holdings
    Company & Industry Overviews

    ITMS: Taking a Very Narrow View of the Municipal Yield Curve

    As of September 30, 2016, ITMS has all of its investments in US dollar-denominated bonds with a credit rating of “A” or higher, thus ensuring lower risks.

    By VanEck
  • uploads/// Index Peformance
    Company & Industry Overviews

    VanEck Launches Two New Intermediate-Term Municipal Bond Funds

    In September 2016, VanEck introduced two new ETFs that provide exposure to intermediate-term municipal bonds.

    By VanEck
  • uploads///Duration of Two Popular Fixed Income ETFs
    Company & Industry Overviews

    Looking at Richard Bernstein Advisors’ Fixed Income Strategy

    Richard Bernstein Advisors has reduced its exposure to US Treasuries in the fixed income space.

    By David Ashworth
  • uploads///Carry
    Company & Industry Overviews

    Bill Gross Talks about Compressed ‘Carry’ in Financial Markets

    In his latest monthly investment outlook for June 2016, bond market veteran Bill Gross talked about “carry” in financial markets.

    By David Ashworth
  • uploads///high yield muni bonds
    Company & Industry Overviews

    Muni Bond Investment Opportunities in the Current Environment

    BUTCHER: Thank you. Do you see any specific opportunities today? COLBY: I think there are two fairly distinct opportunities for investors to consider. One is based on interest rates and interest rate outlooks. The other is based on risk that investors might be willing to assume on a credit basis. From an interest rate perspective, […]

    By VanEck
  • Financials

    Overview: Puerto Rico’s unique economy impacts investor returns

    Likewise, while municipal bonds have outperformed the S&P 500 Index and bonds with comparable ratings, Puerto Rico munis have under performed in comparison.

    By Phalguni Soni
  • Financials

    Why is Puerto Rico’s economy unique compared to mainland U.S.?

    Public corporations account for about 40% of the total outstanding debt of Puerto Rico.

    By Phalguni Soni
  • Financials

    Why is Puerto Rico in hot water over its debt obligations?

    Puerto Rico’s labor force participation rate was about 40% in April, 2014.

    By Phalguni Soni
  • uploads///Part
    Financials

    Municipal bonds in 2014: General obligation bonds down but not out

    Total municipal bond issuance in the first quarter of 2014, was $62.6 billion, down ~26% from the $84.3 billion issued in the first quarter of 2013.

    By Phalguni Soni
  • Financials

    How to measure your portfolio’s interest rate risk with convexity

    Portfolio durations differ from key rate durations, as even though the durations of two portfolios may match, both portfolios may differ in the maturity profiles of the bonds they comprise, which will result in differing key rate durations.

    By Phalguni Soni
  • uploads///Top  company holdings of Puerto Rican debt
    Financials

    Will the GO bonds allow Puerto Rico to be free of its worries?

    Puerto Rico’s general obligation bonds have been recently downgraded to junk level by rating agency S&P.

    By Surbhi Jain
  • Tech & Comm Services

    Comparing same sector ETFs and ETNs: The price performance

    High yield ETNs are favored in the market as much as high yield ETFs.

    By Surbhi Jain
  • Financials

    Must-know: Why expense ratios have affected TLT and MUB

    We note that net or effective returns (that is, returns after expenses) fall to 7.95% versus perceived returns of 8.44% for TLT for the past three years.

    By Alex Chamberlin
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