VanEck Vectors 6-8 Year Muni ETF
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.
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.
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.
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.