About IQ MacKay Shields Municipal Insured ETF (MMIN)

IQ MacKay Shields Municipal Insured ETF (MMIN) is an exchange-traded fund that seeks to provide investors with exposure to municipal bonds that are insured against default by one or more municipal bond insurance companies. The fund is managed by MacKay Shields LLC, an investment management firm that specializes in fixed income strategies. MMIN aims to generate income exempt from federal income taxes by investing in investment-grade municipal bonds primarily issued by states, cities, and other political subdivisions. The ETF uses a passive investment approach, seeking to track the performance of the Bloomberg Barclays Managed Money Municipal Insured Index.

With a focus on investing in insured municipal bonds, MMIN aims to provide investors with a high level of credit quality and potentially lower default risk compared to uninsured municipal bonds. Municipal bond insurance provides an additional layer of protection to bondholders by guaranteeing the payment of principal and interest in the event of a default by the issuer. This can help to mitigate credit risk and enhance the overall risk-reward profile of the ETF.