American Beacon Advisors expanded its ETF lineup with the launch of the American Beacon Aberdeen Municipal High Income ETF (NYSE:AMHI), an actively managed fund designed to provide investors with a high level of current income exempt from federal income tax.
The fund, launched on Wednesday, will be sub-advised by Aberdeen Investments and aims to capitalize on opportunities in the municipal bond market through active security selection and portfolio construction.
The launch comes as investors continue to seek tax-efficient income solutions amid an evolving interest-rate environment.
AMHI will invest in a diversified portfolio of municipal bonds using a research-driven process focused on identifying mispriced securities and relative-value opportunities across sectors and maturities.
The strategy emphasizes high-conviction ideas, resulting in a concentrated portfolio that targets areas where Aberdeen believes it has the strongest expertise while avoiding crowded segments offering less attractive value.
