Thursday, 18 December 2014
Last updated 8 hours ago
Oct 5 2012 | 1:10pm ET
IndexIQ yesterday added to its range of hedge fund strategy exchange-traded funds with what it calls the first market-neutral ETF.
The IQ Hedge Market Neutral Tracker ETF debuted yesterday on NYSEArca, trading under the ticker-symbol QMN. Rye Brook, N.Y.-based IndexIQ said the new fund would use both long and short stock positions to replicate the returns of equity market-neutral hedge funds, seeking to avoid "systematic components" of risk.
"Market-neutral strategies that effectively neutralize the market exposure are not impacted by directional moves in the market," IndexIQ said.
QMN has a 99 basis-point fee ratio. It is IndexIQ's fourth hedge fund ETF.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.