NYLIM MacKay Securitized Income ETF (SECR) Stock News

IndexIQ has announced the launch of the IQ MacKay Securitized Income ETF (SECR), a new actively managed fund aimed at providing investors exposure to various income-generating securities, such as mortgage-backed and asset-backed securities. The fund is managed by Neil Moriarty, Michael DePalma, and Zachary Aronson of MacKay Shields' Global Fixed Income Team, known for their experience in managing structured product strategies. The fund seeks to deliver total returns with a focus on current income, leveraging macroeconomic analysis and rigorous security selection. This new ETF aims to offer diversified, potentially higher returns and better risk-adjusted performance, especially in a higher interest rate environment.