Vanguard today launched the Vanguard Short-Term Tax-Exempt Bond ETF (NYSE Arca: VTES). The new municipal bond index ETF is designed for tax-sensitive investors with a short-term time horizon and low interest rate risk tolerance. VTES predominantly invests in short-term investment-grade municipal bonds and will track the S&P 0-7 Year National AMT-Free Municipal Bond Index. Steve [...] The post Vanguard Launches Short-Term Tax-Exempt Bond ETF appeared first on ETF Trends .