Goldman Sachs Dynamic New York Municipal Income ETF Price & Performance (GMNY)

Interest rate cuts, potentially by 50 basis points, are anticipated next month by the Federal Reserve. This move is expected to boost bonds and fixed income ETFs, aligning with cooling inflation and steady consumer spending, despite a slowing labor market.1

Dreyfus New York Municipal Money Market Fund is set to liquidate by October 28, 2024. The fund will cease new account investments by September 18, 2024, and may trigger taxable events for shareholders during the process.2

Short-term bond ETFs have seen massive inflows, with over $16 billion invested this year. Investors seek safety amid economic concerns, with products like iShares 0-3 Month Treasury Bond ETF and SPDR Bloomberg 1-3 Month T-Bill ETF leading the trend.3