IQ MacKay Multi-Sector Income ETF (MMSB)
IQ MacKay Multi-Sector Income ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $22.84, up 0.99% on the session, giving a market capitalisation of $22.8M. Its beta of 0.00 implies it has historically moved less than the broad market.
The fund's investment objective is primarily pursued by the adviser through a flexible, multi-sector strategy that involves allocating capital across a wide range of global fixed-income markets. Under typical market conditions, at least 80% of the fund's assets are invested in a diverse array of debt or debt-related securities. The adviser generally aims to ensure that the portfolio's modified duration to worst does not surpass the duration of the Bloomberg Barclays U.S. Universal Index by more than a single year.
IQ MacKay Multi-Sector Income ETF is most often compared with the following Financial Services names: