15 More Hedge Fund ETFs On The Way

Apr 17 2009 | 9:17am ET

Just weeks after launching the first hedge fund index-linked exchange-traded fund in the U.S., IndexIQ has rolled out an ambitious plan for a whole suite of hedge fund replication ETFs.

The Rye Brook, N.Y.-based firm has filed a registration statement for 15 strategy-specific ETFs. Like IndexIQ’s first hedge fund ETF, the new funds will track indices created by IndexIQ. The IQ Hedge Multi-Strategy Tracker ETF debuted on the NYSE Arca electronic stock exchange last month; while it seeks to replicate hedge fund returns, it eschews investing in alternatives. Instead, it invests entirely in other ETFs, such as the iShares Lehmam Aggregate Bond Fund, iShares Lehman 1-3 Year Treasury Bond Fund and iShares MSCI Emerging Markets Index Fund.

Among IndexIQ’s planned ETFs are equal-weighted and asset-weighted versions of the Multi-Strategy Tracker ETF, and an inverse version. Strategies getting their own ETFs include absolute return, convertible arbitrage, dedicated short-bias, distressed, managed futures, market directional, merger arbitrage and relative value.

IndexIQ has also included an ETF that will track the Consumer Price Index in the registration statement, filed earlier this month.

The Securities and Exchange Commission filing does not indicate the expense ratio IndexIQ plans for the new funds.

Get tomorrow's hedge fund news, today.
Sign-Up for FINalternatives Daily, it's free!


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...