ETF Bond Type: New York Munis
ETFs, or exchange traded funds, are a type of investment fund that trades on a stock exchange. ETFs are usually ETFs are usually index funds, which seek to track the performance of a particular market index, such as the S&P 500. New York Munis ETFs are a type of ETF that invests in municipal bonds issued by governments in the state of New York. These bonds are typically used to finance infrastructure projects, such as roads and bridges. Municipal bonds are generally considered to be very safe investments, as they are backed by the full faith and credit of the issuing government. However, they also tend to offer relatively low returns. As a result, New York Munis ETFs are often used as a way to diversify a portfolio and reduce risk.