Van Eck Global is prepping to launch the Market Vectors Short High-Yield Municipal Index ETF, which will replicate the Short High Yield Index, according to a Securities and Exchange filing.
The index is comprised of publicly traded municipal bonds that cover the U.S. dollar denominated high yield short-term tax-exempt bond market.
The portfolio managers of the fund are James Colby and Michael Mazier. The fund firm did not disclose the fund’s fees in its filing. A spokesman for the firm was not immediately available for comment on the firm’s latest product.