Market Vectors High-Yield Muni ETF Tops $1B in AUM

The Market Vectors High-Yield Municipal Index ETF (NYSE: HYD ) has become the first high-yield municipal bond ETF to top the $1 billion in assets under management watermark, the firm said. HYD, which debuted in February 2009, had $1.07 billion in AUM as of December, according to Market