Summary
- The VanEck Vectors Muni Allocation ETF had a NAV total return of +1.33% vs. +0.64% for the Bloomberg Barclays Municipal Bond Index.
- The municipal bond market continues to benefit from both strong demand and limited supply.
- MAAX will continue to be positioned overweight both credit and duration, relative to its benchmark, while closely monitoring for signs of deterioration within the muni market.
Seeking Alpha
Feb. 21, 2021