New York Life Investments has announced the upcoming liquidation of two ETFs: the NYLI Cleaner Transport ETF (CLNR) and the NYLI Clean Oceans ETF (OCEN). The funds will cease all trading activities and stop accepting creation or redemption orders after market close on April 9, 2025. Shareholders can expect to receive liquidation proceeds around April 16, 2025.
New York Life Investments has expanded its Dual Impact family of thematic investment strategies by launching three new ETFs: IQ Engender Equality ETF (EQUL), IQ Cleaner Transport ETF (CLNR), and IQ Clean Oceans ETF (OCEN). Each fund is aligned with nonprofit initiatives, with New York Life committing to contribute 10% of each fund's management fee to these organizations. These ETFs aim to provide investors with exposure to companies committed to gender equality, environmentally efficient transportation, and ocean conservation, respectively.