Activity on the ETF front continued to rise this week as investors welcomed three new funds. So far in 2014, nine new funds have hit the streets; EGShares launched its first suite of EM bond ETFs (SEMF, IEMF, LEMF), while First Trust launched two actively managed income-focused funds that both utilize option strategies, as well as a dividend achievers fund (FTHI, FTLB, RDVY). Last week, industry veteran State Street teamed up with MFS Investment Management to launch three three new actively-managed equity funds – a developing trend in the ETF market [see 7 ETFs To Be Excited For In 2014]. This week, Van Eck rolled out its new municipal bond ETF: Market Vectors Short High-Yield Municipal Bond Index ETF : This fund tracks the Barclays Municipal High Yield Short Duration Index, which offers exposure to high-yield municipal bonds. The portfolio consists of both non-investment grade munis, as well as Baa/BBB-rated investment grade munis. Currently, munis from Puerto Rico account for roughly 12% of the portfolio, [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts