A High-Yield, CEF Municipal Bond ETF
September 04, 2014 at 08:20 AM EDT
A closed-end fund of funds provides an attractive high-yield alternative to municipal bond exchange traded funds. The Market Vectors CEF Municipal Income ETF (NYSEArca: XMPT) comes with a 5.71% 30-day SEC yield or a 9.45% taxable equivalent 30-day SEC yield for those in the highest income bracket....
