Monday, 29 June 2015
Last updated 55 min 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…