WRND

New York Life Investments ETF Trust NYLI Global Equity R&D Leaders ETF

$36.88

+0.00%

Market closed. Last update: 10:55 PM ET

📎 Investment Objective

The NYLI Global Equity R&D Leaders ETF seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the NYLI Global Equity R&D Leaders Index.

Overview

ETF tracking New York Life Investments ETF Trust NYLI Global Equity R&D Leaders ETF

Category International

Issuer Other

Inception Date 2022-10-18

Market Cap $7.4M

Average Volume N/A

Dividend Yield 1.18%

52-Week Range $25.81 - $37.97

VWAP $36.60

Performance

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Investment Summary

📎 Investment Objective

The NYLI Global Equity R&D Leaders ETF seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the NYLI Global Equity R&D Leaders Index.

🎯 Investment Strategy

The ETF invests primarily in equity securities of companies that are global leaders in research and development (R&D) spending as determined by the index methodology. The fund seeks to track the performance of the underlying index, which is designed to measure the performance of global companies that are leaders in R&D investment.

✨ Key Features

Focuses on global companies with high R&D spending, which may drive innovation and growth
Passively managed to track the NYLI Global Equity R&D Leaders Index
Low expense ratio of 0.00%
Relatively new fund with limited performance history

⚠️ Primary Risks

Equity market risk: The value of the fund's holdings may decline due to general market and economic conditions
International investing risk: Exposure to foreign markets brings additional risks such as currency fluctuations and political uncertainty
Concentration risk: The fund's performance may be more volatile due to its focus on R&D-intensive companies
Tracking error risk: The fund may not perfectly track the underlying index

👤 Best For

This ETF may be suitable for long-term investors seeking exposure to global companies focused on research and development, which could drive innovation and growth. However, the fund's limited history means investors should carefully consider the risks before investing.