Summary
- The VanEck Vectors Muni Allocation ETF had a NAV total return of 0.74% vs 0.62% for the Bloomberg Barclays Municipal Bond Index for March.
- High yield was the top performer last month as optimism around the economic outlook continues.
- MAAX increased its exposure to long-duration bonds based on a declining duration risk score.
Seeking Alpha
Apr. 16, 2021