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Business Wire
1 year ago
New York Life Investments Launches NYLI MacKay Muni Short Duration ETF (MMSD)
NEW YORK--(BUSINESS WIRE)--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.
