New Junk Bond ETF – HYMB
Today we have a new high yield ETF from State Street Global Advisors (SSgA)…
•HYMB – SPDR Nuveen S&P High Yield Municipal Bond ETF
The new junk bond ETF is also a muni bond ETF and follows the S&P Municipal Yield Index. While there are other junk bond ETFs on the market, this is only the second high yield fund for the muni bond segment. The other being HYD.
As of today, the new SPDR ETF is trading around $50 and to see other similar ETFs, I have some lists for you…
