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VTEI: A Great Option For Conservative Investors
Vanguard Intermediate-Term Tax-Exempt Bond ETF offers tax-efficient income from municipal bonds with low expense ratio and high diversification. VTEI has a large number of holdings, high credit quality, and focuses on 10-20 year maturities, making it a good choice for conservative investors. While VTEI is a strong option, investors should be aware of municipal bond default risk and potential vulnerability to interest rate movements.
Seekingalpha | 2 years ago
