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The Goldman Sachs Dynamic New York Municipal Income ETF (GMNY) is structured to provide investors with a substantial stream of ongoing income. A key advantage of this fund is that the income it generates is not subject to regular federal income tax, and it is also exempt from New York State and City personal income taxes.

This week J.P. Morgan Asset Management launched two actively managed municipal bond ETFs focused on California and New York debt, offering investors a way to earn tax-free income inside a more flexible and transparent fund structure.

Muni bonds have been a strong performer so far in 2026, benefitting from an important transition to the ETF wrapper from mutual funds.