In an average year, roughly 200 new exchange-traded products come to market, but few new ETFs come courtesy of Vanguard, the second-largest U.S. ETF issuer behind BlackRock, Inc. (NYSE: BLK)'s iShares.
Count Tuesday as an exception, because Vanguard did launch a new ETF. The Vanguard Tax-Exempt Bond Index Fund, VANGUARD MUNICIPAL BOND FUNDS Vanguard Tax- (NYSE: VTEB), marks Vanguard's first municipal bond index fund.
Better late than never, and that is said because when news broke earlier this year that Vanguard would introduce a municipal bond ETF, the fund was expected to launch in the second quarter.
Investor And Admiral Share Classes Aren't Overlooked
The Vanguard Tax-Exempt Bond Index Fund is also available to ...
/www.benzinga.com/trading-ideas/long-ideas/15/08/5790430/and-now-introducing-vanguards-municipal-bond-etf alt=And Now...Introducing Vanguard's Municipal Bond ETF>Full story available on Benzinga.com
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