Capital Group is looking to expand upon their popular actively managed ETFs with the launch of three new funds. The Capital Group Municipal Income ETF (CGMU) looks to offer a high level of current income that is exempt from federal income tax. The Capital Group U.S. Multi-Sector Income ETF (CGMS) aims to offer high level current income with capital appreciation as as secondary objective. CGMS will invest at least 80% with U.S. issuers. Finally the Capital Group Short Duration Income ETF (CGSD) plans to provide current income that is inline with a short duration profile.
The new funds from Capital Group add to their growing assets under management of $3.6 billion.