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IndexIQ launches actively managed ultra short duration bond ETF


IndexIQ has launched the IQ Ultra Short Duration ETF (ULTR), which provides financial advisers the flexibility to manage interest rate risk while seeking to deliver attractive current income.

The fund is actively managed by NYL Investors, which oversees over USD252 billion in assets as of 31 March, 2019. Managed by Senior Portfolio Manager Kenneth Sommer, this is the first ETF brought to market by this team.

“This fund aims to provide investment solutions that generate consistent, risk-controlled excess returns for our clients. ULTR represents a strategy which helps mitigate interest rate risk while seeking to minimise price volatility,” says Kenneth Sommer. “We believe this ETF can play an important role in managing client portfolios in any investment environment.”
ULTR is the third in a series of actively managed ETF offerings from IndexIQ following the launch of two active municipal bond funds: IQ MacKay Municipal Insured ETF (Ticker: MMIN) and IQ MacKay Municipal Intermediate ETF (MMIT).

“For the first time, our clients can access the markets through an ETF developed and run by the experienced institutional asset management team at NYL Investors,” says IndexIQ’s Chief Investment Officer, Salvatore Bruno. “Adding to our lineup of active managers on our IndexIQ platform is a testament to the capabilities of New York Life Investments and how we continue to bring innovative solutions to market.” 

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