IndexIQ Launches 6th MacKay Shields ETF
On Friday, IndexIQ launched the actively managed IQ MacKay Securitized Income ETF (NYSE Arca:SECR), which invests in investment-grade mortgage-related and asset-backed securities. The new fund is sub-advised by members of the global fixed income team at New York Life Investment Management subsidiary MacKay Shields. “Most ‘Core’ and ‘Core Plus’ fixed income strategies tend to have [...]
The post IndexIQ Launches 6th MacKay Shields ETF appeared first on ETF Trends.
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