VanEck Vectors 6-8 Year Muni ETF

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

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.

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.

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