Vanguard New York Tax-Exempt Bond ETF

MUNY

Market cap $412M

This week J.P. Morgan Asset Management launched two actively managed municipal bond ETFs focused on California and New York debt, offering investors a way to earn tax-free income inside a more flexible and transparent fund structure.

On Thursday, Vanguard expanded its selection of fixed income ETFs with the launch of the Vanguard Long-Term Tax-Exempt Bond ETF (VTEL) and the Vanguard New York Tax-Exempt Bond ETF (MUNY).  Both of these new Vanguard funds offer a distinct strategy for building municipal bond exposure.