IQ MacKay ESG Core Plus Bond ETF (ESGB)
IQ MacKay ESG Core Plus Bond ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $21.24, up 0.17% on the session, giving a market capitalisation of $315.2M. Its beta of 1.06 implies it has historically moved more than the broad market.
The fund dedicates a minimum of 80% of its assets to various forms of debt, including all types of fixed-income instruments. Its investment approach generally involves building a broad and diversified collection of corporate, government, mortgage-backed, and asset-backed securities. A substantial portion, at least 80%, of the fund's holdings must comply with the environmental, social, and governance (ESG) criteria set forth by MacKay Shields LLC, the designated Subadvisor. Typically, the fund targets a modified duration to worst for its portfolio that remains within 2.5 years (either above or below) of the Bloomberg U.S. Aggregate Bond Index's duration.
IQ MacKay ESG Core Plus Bond ETF is most often compared with the following Financial Services names: