Americas ETF News for the Past 90 Days
you are currently viewing:New York Life Investments Launches NYLI MacKay Muni Short Duration ETF (MMSD)May 6, 2025--New York Life Investments is announcing today the launch of its newest ETF, the NYLI MacKay Muni Short Duration ETF (NYSE: MMSD), an actively managed municipal bond ETF designed to provide attractive, tax-exempt income through a flexible short-duration strategy. MMSD primarily invests in high quality, short-term municipal bonds with a target duration of 1-3 years. The Fund may allocate up to 20% of its assets to non-investment grade municipal securities, allowing for opportunistic positioning of the portfolio. Source: New York Life Investments |
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