IQ Hedge Multi-Strategy ETF Tops $1B AUM

Jan 29 2015 | 9:47am ET

The IQ Hedge Multi-Strategy ETF has surpassed $1 billion in assets under management, reinforcing its status as the largest hedge fund strategy exchange-traded vehicle.

QAI, managed by IndexIQ, employs a variety of investment strategies—including long/short equity, global macro, market neutral, event driven, fixed-income arbitrage and emerging markets—as it tracks the performance of the IQ Hedge Multi-Strategy Index.

The ETF has returned 12.1% over the past five years, including a nearly 3% turn in 2014.

“QAI offers investors a way to carve off exposure to their traditional fixed income investments, yet be in a product that is designed to potentially experience price appreciation in a rising rate environment," said IndexIQ CEO Adam Patti in a statement. "QAI, which was the first and remains the largest liquid alternative ETF, grew its assets by approximately 57% in 2014."

As of Jan. 26, QAI’s top holdings were other ETFs, including the Vanguard Total Bond Market ETF, PowerShares Senior Loan Portfolio and theiShares Russell 2000 Growth ETF.

QAI will soon be rebranded as a Mainstay IQ ETF as a result of New York Life Investment Management purchasing IndexIQ. That acquisition, announced last month, is expected to close in the first half of this year.

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