Dimensional in June became only the second U.S. issuer to pull off a conversion, transforming $29 billion worth of mutual funds into ETFs in an industry record.
The VanEck HIP Sustainable Muni ETF will focus on investments in projects that advance sustainability or those with "positive social, environmental and economic outcomes."
Vulnerabilities in the market include valuations at historical extremes, stocks rallying non-stop for seven months, a soft economy and the Federal Reserve preparing to taper stimulus.