Van Eck Global has used municipal bond exchange-traded funds to make a name for itself in the tax-exempt investment arena, and the firm sees more growth ahead.

"Prior to 2007, I don't think anyone recognized Van Eck Global as an expert in the delivery of tax-exempt products, but we're doing that now," said Jim Colby, the senior municipal strategist for fixed-income at the New York asset management company. "We've certainly asserted and positioned ourselves to be very competitive in that universe."

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