These short-term muni ETFs can give investors a healthy tax-free yield

Two new funds from Vanguard and Goldman Sachs Asset Management are expanding investor's options for municipal bond bets.

Several new ETFs specializing in tax-exempt income hit the market this month just as investors are sorting through their 2022 tax filings. The Vanguard Short-Term Tax Exempt Bond ETF and the Goldman Sachs Community Municipal Bond ETF both began trading on March 9, expanding the options for investors looking to reduce their tax burden in an area of the fixed income market that generally carries low risk for investors.

"We've seen pretty strong income tax receipts, property tax receipts, sales tax receipts over the past couple of years despite what was a really challenging environment during Covid time," said Alexa Gordon, municipal bond portfolio manager at Goldman Sachs Asset Management. The new funds Both the Vanguard and Goldman funds are based on indexes. The Vanguard fund tracks the the S & P 0-7 Year National AMT-Free Municipal Bond Index, and has an expense ratio of 0.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘The Bachelor’ Creator Mike Fleiss Parting Ways With Franchise After More Than Two Decades“The Bachelor” creator Mike Fleiss is parting ways with the franchise he created more than two decades ago, Variety has learned. Fleiss will be replaced by new showrunners Claire Freela…
Read more »

Mariah Carey and Megan Thee Stallion to Headline Two-Day LA Pride in the ParkIt’s official: This year’s Los Angeles Pride is for high notes and hotties.  L.A. Pride has announced Mariah Carey and Megan Thee Stallion as headliners for the 2023 L.A. Pride in …
Read more »

Two shot in East OaklandA suspect was being sought in shooting of a woman and man Monday evening in East Oakland.
Read more »

Thrun’s NHL debut on hold; two Sharks wingers could miss rest of seasonSan Jose Sharks prospect William Eklund was injured in an AHL game on March 22.
Read more »

Second bomb cyclone in two weeks crashing into CaliforniaAnother powerful storm is striking the Golden State with feet of snow, several inches of rain and high winds.
Read more »