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New York Life Investments Launches NYLI MacKay Muni Short Duration ETF (MMSD)

1. New York Life launches NYLI MacKay Muni Short Duration ETF (MMSD). 2. MMSD targets short-term, high-quality municipal bonds, offering tax-exempt income.

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FAQ

Why Bullish?

The launch of MMSD highlights increased demand for tax-efficient investments, paralleling strong past performance in similar ETF launches, which typically attract investors seeking stable income.

How important is it?

The launch of an actively managed municipal bond ETF may attract significant investor interest and influence rate trends in the space, potentially improving MMSD's attractiveness in a challenging market.

Why Short Term?

The immediate visibility of the product launch could attract quick investments, but the long-term impact will depend on ongoing performance.

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MUBSHMNEAR
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.

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