Thursday, 31 July 2014
Last updated 19 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…