IndexIQ has officially announced the launch of their IQ MacKay Multi-Sector Income ETF (MMSB), available for trade on the NYSE Arca. One of the ETF heads Steven Cianci stated, “Our investment philosophy focuses on diversified sources of alpha potential, where it is critical to not rely on only one or two levers to seek alpha, but rather have the ability to uncover value across sectors.”
IndexIQ Launches Multi-Sector Income ETF
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ETF Newz Says:
MMSB is able to invest across multiple types of fixed income securities, but the fund will use a fixed duration from the one year benchmark of the Bloomberg Barclays US Universal Index.