Market Vectors Short Municipal Index ETF Stock Quote & Summary Data
(ETF)
*Delayed - data as of May 22, 2013 12:07 ET
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Description:The Market Vectors Short Municipal Index ETF investment objective is to replicate as closely as possible, before fees and expenses, the price and yield performance of the inverse of the Barclays Capital AMT-Free Short Continuous Municipal Index (the "Short Index"). The Fund will normally invest at least 80% of its total assets in fixed income securities that comprise the Short Index. To be included in the Short Index, bonds must be rated Baa3/BBB- or higher by at least two of the following ratings agencies: Moody's, S&P and Fitch. Potential Short Index constituents must have an outstanding par value of at least $7 million and be issued as part of a transaction of at least $75 million.
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