New York Life Investments Unveils ETF Liquidation Strategy
New York Life Investments Announces ETF Changes
New York Life Investments has recently made headlines with its decision to liquidate several exchange-traded funds (ETFs) as part of its ongoing review of available products. This move signals the company's commitment to maintaining a relevant and efficient product lineup that aligns with market trends and investor needs.
List of Affected Funds
The company will liquidate the following funds:
NYLI 500 International ETF (IQIN)
This fund focuses on providing investors with exposure to a vast range of international equities, enabling diversification beyond domestic markets.
NYLI CBRE NextGen Real Estate ETF (ROOF)
Investors in this fund have previously enjoyed access to innovative real estate investment strategies, highlighting emerging trends in the property market.
NYLI Engender Equality ETF (EQUL)
This fund was dedicated to advancing companies committed to gender equality in the workplace, representing a significant social investment approach.
Important Dates for Stakeholders
The funds will cease trading and will not accept any creation or redemption orders following the market close on a designated date. Shareholders can expect proceeds from the liquidation to be distributed shortly after.
About New York Life Investments
New York Life Investments stands tall within the financial sector, managing over $727 billion in assets. It is a leading provider, recognized by reputable industry standards. As part of the New York Life family, they offer clients unmatched access to specialized investment teams via a network of boutique firms. This rich landscape of expertise ensures clients benefit from diverse investment strategies grounded in sustainable principles.
New York Life Investment Management consistently features among the largest institutional investment managers, showcasing their commitment to delivering enduring value to clients.
New York Life Investments promotes a holistic approach to investment management, fostering strong, long-lasting relationships with clients and stakeholders alike. The firm prides itself on its adaptability and commitment to evolving alongside market needs.
For prospective investors, it is crucial to understand the specific investment objectives, risks, charges, and expenses associated with the funds before making any decisions. Detailed information can be found in their official prospectus.
Frequently Asked Questions
What ETFs are being liquidated?
New York Life Investments is liquidating the NYLI 500 International ETF, NYLI CBRE NextGen Real Estate ETF, and NYLI Engender Equality ETF.
How will investors receive their funds post-liquidation?
Investors can expect to receive proceeds from the liquidation on or about the specified date following the fund's closure.
What is the total asset management of New York Life Investments?
The firm manages over $727 billion in assets, showcasing its significant presence in the market.
Are there any specific risks associated with investing in these funds?
As with any investment, these funds are subject to various risks that can impact their value. It is crucial to review the prospectus for detailed information.
How can investors obtain more information about the funds?
Investors can access detailed information in the prospectus available on their website or contact the firm directly for assistance.
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