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Nuveen announced the launch of two new actively-managed municipal bond ETFs, expanding its municipal investment platform which manages nearly $200 billion in assets. The new offerings include the Nuveen High Yield Municipal Income ETF (NHYM) and Nuveen Municipal Income ETF (NUMI).
NHYM focuses on high-yield municipal bonds with some investment-grade exposure, while NUMI primarily invests in longer-duration investment-grade municipal securities. Both ETFs aim to provide tax-exempt income and capital appreciation. The launches address growing market demand for unlevered high yield and investment grade muni strategies, leveraging Nuveen's expertise in analyzing and selecting from over 80,000 borrowers and 1.5 million individual securities in the municipal bond universe.
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