AB New York Intermediate Municipal ETF

NYM

Market cap $1.29B

In a few short years, AllianceBernstein (AB) has transformed from an ETF newcomer into a strong and diverse provider of actively managed ETFs. Since launching its initial suite in 2022, the firm has seen considerable demand.

Two issuers brought actively managed municipal bond ETFs to market on Monday. AllianceBernstein (AB) and Franklin Templeton rolled out funds targeting different slices of the muni space, converting their mutual funds into ETF wrappers as muni mutual fund conversions accelerate across the industry.