NVG - XMPT: Muni Bond CEFs Looking More Appealing
2024-02-20 03:37:43 ET
Summary
- VanEck CEF Municipal Income ETF offers diversification in the municipal bond space through closed-end funds.
- The fund is passively managed, tracking the S-Network Municipal Bond Closed-End Fund Index.
- Muni CEFs may provide stronger relative returns if rates are cut due to borrowing costs on their leverage easing and are put in a situation to rebound further as well.
Written by Nick Ackerman, co-produced by Stanford Chemist.
VanEck CEF Municipal Income ETF ( XMPT ) provides investors with significant diversification in the municipal bond space. They do this by investing in closed-end funds that themselves hold hundreds of different positions. While there is no doubt a significant overlap between all the funds, you are also getting significant diversification....
XMPT: Muni Bond CEFs Looking More Appealing