FYI: IndexIQ yesterday announced the launch of the IQ Ultra Short Duration ETF (Ticker: ULTR) (“Fund”), which provides financial advisors 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 $252 billion in assets as of March 31, 2019. Managed by Senior Portfolio Manager Kenneth Sommer, this is the first ETF brought to market by this team.
Regards,
Ted
https://www.businesswire.com/news/home/20190801005605/en/IndexIQ-Introduces-Actively-Managed-Ultra-Short-Duration
