New ETFs, IQ Hedge Long/Short Tracker ETF (QLS) & IQ Hedge Event-Driven Tracker ETF (QED) “complete the set” as IndexIQ now has an ETF for each of the four major hedge fund strategies …
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Investors and advisors can now build their own diversified hedge fund replication portfolio, and also make use of IndexIQ’s inflation hedged, merger arbitrage and hedged natural resources offerings in their efforts
IndexIQ, a leading developer of liquid alternative investment solutions, has launched two new Exchange-Traded Funds (ETFs): the IQ Hedge Long/Short Tracker ETF (NYSE Arca: QLS) and the IQ Hedge Event-Driven Tracker ETF (NYSE Arca: QED), it was announced today. The funds join IndexIQ’s pioneering family of liquid alternative ETFs, which include the IQ Hedge Macro Tracker ETF (NYSE Arca: MCRO), the IQ Hedge Market Neutral Tracker ETF (NYSE Arca: QMN) and the IQ Hedge Multi-Strategy Tracker ETF (NYSE Arca: QAI), which surpassed $1 billion in assets earlier this year.
With the addition of QED and QLS to its family of liquid alternative hedge fund replication vehicles, IndexIQ now offers an ETF designed to track each of the four major hedge fund categories (Event-Driven, Equity Hedge or Long/Short, Market Neutral and Global Macro).
IndexIQ offers the industry’s most robust family of liquid alternative ETFs, many with over five years of live track record. These include the market-leading global M&A ETF (NYSE Arca: MNA), designed to provide exposure to global merger arbitrage opportunities; the industry’s only hedged natural resources ETF (NYSE Arca: GRES), designed to provide broad commodities exposure with low volatility and low beta to the equity markets; and the first inflation hedge strategy ETF (NYSE Arca: CPI). Additionally, QAI remains the largest liquid alternative ETF in the industry and provides overall core hedge fund industry exposure.
Through IndexIQ’s offerings, investors and advisors now have the opportunity to construct their own diversified hedge fund-style portfolio based on the multiple hedge fund style strategies available from the firm.
“By managing the weightings of the strategies we offer, an investor or advisor can create a portfolio with a wide range of risk-return characteristics, from conservative to moderate to aggressive,” said Adam Patti, chief executive officer at IndexIQ. “That kind of flexibility in building a customized liquid alternatives portfolio has never before been available to investors of all types and sizes, and we are thrilled to be leading the way in bringing additional institutional-quality strategies and exposures to the broad investor universe.”
The IQ Hedge Event-Driven Tracker ETF seeks to replicate, before fees and expenses, the risk-adjusted return characteristics of the IQ Hedge Event-Driven Index. The Index is intended to capture the collective returns of hedge funds using an event-driven investment style. Event-driven hedge fund managers typically invest in a combination of credit opportunities, such as high yield, leveraged loans, and capital structure arbitrage, and event-driven equities, such as risk arbitrage, holding company arbitrage, and special situations, which can include companies under pressure from activist investors. The IQ Hedge Long/Short Tracker ETF attempts to replicate, before fees and expenses, the risk-adjusted return characteristics of the IQ Hedge Long/Short Index. The Index seeks to mirror the collective returns of hedge funds using a long/short equity investment style. Long/short equity hedge fund managers typically invest on both long and short sides of equity markets and diversify their risks by limiting the net exposure to particular sectors, regions or market capitalizations and focusing on company specific anomalies. IndexIQ Hedge Fund Replication indexes have a live history going back to March 2007.
Source: ETFWorld.com
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