New York Life Investments Announces Changes to ETF Lineup

Rhea-AI Summary

New York Life Investments has announced plans to liquidate three ETFs as part of its regular product line-up review. The affected funds are:

• NYLI 500 International ETF (IQIN)
• NYLI CBRE NextGen Real Estate ETF (ROOF)
• NYLI Engender Equality ETF (EQUL)

These funds will cease trading and stop accepting creation or redemption orders after market close on November 20, 2024. Shareholders can expect to receive liquidation proceeds on or about November 27, 2024. This move is part of the company's ongoing efforts to optimize its product offerings.

NEW YORK--(BUSINESS WIRE)-- New York Life Investments today announced plans to liquidate the following ETFs (the “Funds”) as part of the company’s regular review of its product line-up:

• NYLI 500 International ETF (IQIN)
• NYLI CBRE NextGen Real Estate ETF (ROOF)
• NYLI Engender Equality ETF (EQUL)

The Funds will cease trading and no longer accept creation or redemption orders after market close on November 20, 2024. Proceeds of the liquidation are expected to be sent to shareholders on or about November 27, 2024.

About New York Life Investments
With over $727 billion in assets under management as of June 30, 2024, New York Life Investments, a Pensions & Investments’ Top 30 Largest Money Manager*, is comprised of the affiliated global asset management businesses of its parent company, New York Life Insurance Company, and offers clients access to specialized, independent investment teams through its family of affiliated boutiques. New York Life Investments remains committed to clients through a combination of the diverse perspectives of its boutiques and a long-lasting focus on sustainable relationships.

*New York Life Investment Management ranked 26^th largest institutional investment manager in Pensions & Investments' Largest Money Managers 2024 published June 2024, based on worldwide institutional AUM as of 12/31/23. No direct or indirect compensation was paid for the creation and distribution of this ranking.

All investments are subject to risk and will fluctuate in value.

Consider the Funds' investment objectives, risks, charges and expenses carefully before investing. The prospectus and the statement of additional information include this and other relevant information about the Funds and are available by visiting nylinvestments.com or calling (888) 474-7725. Read the prospectus carefully before investing. 

View source version on businesswire.com: https://www.businesswire.com/news/home/20240927956483/en/

For additional information about New York Life Investments, please contact:

New York Life Investments

Sara Guenoun

sara_j_guenoun@newyorklife.com

Craft & Capital

Chris Sullivan

chris@craftandcapital.com

Source: New York Life Investments

FAQ

When will the NYLI 500 International ETF (IQIN) stop trading?

The NYLI 500 International ETF (IQIN) will cease trading after market close on November 20, 2024.

What is the expected date for shareholders to receive liquidation proceeds for the affected ETFs?

Shareholders are expected to receive liquidation proceeds on or about November 27, 2024.

How many ETFs are being liquidated by New York Life Investments?

New York Life Investments is liquidating three ETFs: NYLI 500 International ETF (IQIN), NYLI CBRE NextGen Real Estate ETF (ROOF), and NYLI Engender Equality ETF (EQUL).

Why is New York Life Investments liquidating these ETFs?

The liquidation is part of New York Life Investments' regular review of its product line-up, aimed at optimizing its offerings.