How do you decide where to be positioned on the investment grade yield curve or whether to own high yield munis? The VanEck Vectors® Municipal Allocation ETF (MAAX) is designed to help investors address this question.
Although most broker/dealers have policies and procedures in place to address these products, firms need to improve the suitability review and add more controls around holding periods, NASAA says.
The San Mateo, California-based asset manager wants to start a new exchange-traded fund that will invest in equities, debt, commodities and currencies -- rather than allocating to one asset class.
