New Municipal Bond ETF Launch (SMB)

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By Douglas A. McIntyre Published

Asset manager Van Eck Global today launched a new ETF on the American Stock Exchange.  The new ETF is called the Market Vectors-Lehman Brothers AMT-Free Short Municipal Index ETF (Amex: SMB).

This ETF is designed to offer investors exposure to investment-grade municipal bonds with a nominal maturity of 1-6 years.  It will track the price and yield performance before fees of the Lehman Brothers AMT-Free Short Continuous Municipal Index.

The press release notes that municipal issues in the underlying Lehman Brothers index are investment grade and AMT-free and the net expense ratio of the "SMB" is only 0.16%.

Jon C. Ogg
February 26, 2008

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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