IndexIQ has announced the launch of its newest ETF in the US, the IQ MacKay Multi-Sector Income ETF (NYSE: MMSB or the Fund), sub-advised by MacKay Shields LLC, which seeks to provide investors with attractive current income and long-term capital appreciation.
MMSB is an actively managed fixed income strategy that will seek to achieve its investment objective by allocating across an array of domestic and international fixed income segments, including investment and non-investment grade securities. MMSB lead portfolio managers, Stephen Cianci and Neil Moriarty, co-heads of the MacKay Shields Global Fixed Income (“GFI”) team will leverage the depth and breadth of MacKay’s specialised fixed income teams as they manage the fund:
Core Fixed Income led by Stephen Cianci, Neil Moriarty, and Lesya Paisley
U.S. High Yield, Loans, and Emerging Markets Debt led by Eric Gold
Taxable Municipals led by Scott Sprauer and Sanjit Gill and
Convertibles lead by Edward Silverstein
Steve Cianci, CFA, Co-Head of MacKay Shields Global Fixed Income Team and Portfolio Manager for MMSB, says:
“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. We believe fixed income valuations are meaningfully more attractive and current yields have greatly improved the income profiles for investors. While investors have endured unprecedented drawdowns from the bond markets in 2022, in our view this is a compelling entry point for long term investors as we see more opportunities through active management.”
Ian Forrest, Head of IndexIQ, says: “We are thrilled to be building on our existing partnership with MacKay Shields with the launch of this new multi-sector approach to the fixed income market. During uncertain times in the bond market, and the ongoing demand for actively managed strategies to combat this resulting volatility, it’s particularly important to provide our clients with a broad spectrum of portfolio solutions that they can use as a core allocation in any market environment.”
The Fund serves to expand IndexIQ’s solutions-driven actively managed fixed income lineup with MacKay, which includes the IQ MacKay Municipal Insured ETF (MMIN), the IQ MacKay Municipal Intermediate ETF (MMIT), the IQ MacKay California Municipal Intermediate ETF (MMCA) and the IQ MacKay ESG Core Plus Bond ETF (ESGB).