The IQ Hedge Multi-Strategy Tracker ETF (NYSE Arca: QAI), the
first U.S.-listed hedge fund replication Exchange-Traded Fund,
celebrated its three-year anniversary on March 25, 2012, the fund’s
sponsor, IndexIQ, has announced.
“We launched the IQ Hedge Multi-Strategy Tracker ETF in 2009
with the goal of making a whole new asset class available to the
average investor,” said Adam Patti, CEO of IndexIQ. “Before the
launch of QAI, hedge fund investing was generally limited to
institutions and high net worth individuals. QAI changed all of
that. While the concept was novel at the time, QAI has performed as
we anticipated over the past three years and has attracted more
than $200 million in assets.”
QAI is designed to give investors and their financial advisors
access to institutional quality investment strategies in a low
cost, fully transparent, and highly liquid vehicle. It seeks to
replicate, before fees and expenses, the returns of the IQ® Hedge
Multi-Strategy Index. The Index uses multiple hedge fund investment
styles, including long/short equity, global macro, market neutral,
event-driven, fixed income arbitrage, and emerging markets.
Since its launch, QAI has weathered a period of dramatic stock
market volatility, providing annualized returns and standard
deviation as of QAI’s 3-year anniversary date as follows:
As of March 26, 2012
As of December 31, 2011
1 Month
3 Month YTD
1 Year
Since
FundInception*(3-Year)
Since IndexInception*
1 Year
Since FundInception*
Since IndexInception*
InceptionDate
Share Price -0.68% 2.37%
2.47% 3.44% 4.82%
0.16% 4.31%
3/25/2009 NAV -0.59%
2.60% 2.45% 3.33% 4.79% 0.22% 4.30% Index- IQHGMST -0.57% 2.84%
2.64% 3.67% 5.39% 3.01% 0.53% 4.87% 2.41% 9/15/2008
Standard Deviation
3.74% 2.87%
2.89% 4.76% 5.62%
5.13%
5.79%
Performance greater than 1 year is annualized. Performance data
shown represents past performance and is not a guarantee of future
results. Investment return and value of the Funds’ shares will
fluctuate so that an investor’s shares, when sold, may be worth
more or less than their original cost. Current performance may be
lower or higher than performance data quoted. Fund returns reflect
dividends and capital gains distributions. Fund performance current
to the most recent month-end is available by calling 1-888-934-0777
or by visiting www.IndexIQ.com. Expense ratio is 0.75% and total
operating expenses is 1.06%.
“During this period of extraordinary turbulence, advisors,
investors, institutions, and even other hedge funds have used QAI
to maintain exposure to the markets at lower risk as measured by
standard deviation,” said Patti. “It has proven to be a highly
effective tool for diversifying a wide variety of portfolios.”
In addition to QAI, IndexIQ is also the sponsor of a number of
liquid, index-based absolute return products designed to
“democratize” the alternative investment landscape, including:
- IQ Hedge Macro Tracker ETF
(NYSE Arca: MCRO), the first Global Macro ETF;
- IQ Merger Arbitrage ETF (NYSE Arca:
MNA), the first Merger Arbitrage ETF;
- IQ Real Return ETF (NYSE Arca:
CPI), the first multi-asset class “Real Return” ETF, which
seeks to generate a real return above the rate of inflation as
measured by changes in the Consumer Price Index; and
- IQ ALPHA Hedge Strategy Fund
(IQHIX), the first no-load, open-end mutual fund designed to
replicate broad-based hedge fund performance characteristics.
IndexIQ also offers its liquid alternative strategies via
separate account and model ETF portfolios, making them the only
firm to offer liquid alternative solutions via four separate
product wrappers, including ETFs, Mutual Fund, Separate Accounts
and Model Portfolios.
“We’re proud to have created one of the most comprehensive
families of liquid alternative strategies available in the market
today,” continued Patti. “We have continued our quest to identify
opportunities for innovation in the liquid alternatives space in
the years since we first brought QAI to market.”
IndexIQ also noted that it has formed several partnerships with
large firms in the financial services and advisory spaces based on
IndexIQ’s liquid alternative offerings since launching QAI,
including Envestnet, which recently added IndexIQ’s Global
Alternatives ETF Model Portfolio (of which QAI is a core holding)
to its Liquid Alternatives Program; Fortigent, which added the IQ
Hedge Multi-Strategy SMA Portfolio as an Alternative Investment
solution for its customizable UMA program; and NATIXIS, which
licensed a hedge fund replication composite index from IndexIQ for
use in creating products for the European and Asian markets.
IndexIQ products are designed to be liquid, transparent, low
cost, and accessible to a broad range of investors.*
About IndexIQ
IndexIQ is a leading issuer of index-based liquid alternative
solutions focused on absolute return, real assets and international
strategies. IndexIQ solutions are offered as ETFs, Mutual Funds
& Separate Accounts. IndexIQ’s philosophy is to democratize
investment management by making innovative alternative investment
strategies available to investors in low cost, liquid and
transparent products.* IndexIQ strategies are marketed through the
company’s proprietary investment products and select partnerships
with leading global financial institutions. Additional information
about the company and its products can be found at
www.IndexIQ.com.
*Ordinary brokerage commissions apply to ETFs. IndexIQ’s ETF
holdings are available daily on IndexIQ’s website. ETFs are liquid
in that they are exchange-traded.
Consider the Fund’s investment objectives, risks, charges and
expenses carefully before investing. The prospectus and the
statement of additional information include this and other relevant
information about the Fund and are available by visiting
www.indexiq.com or calling 1-888-934-0777. Read the prospectus
carefully before investing.
QAI's investment performance, because it is a fund of funds,
depends on the investment performance of the underlying ETFs in
which it invests. There is no guarantee that the Fund itself, or
any of the ETFs in the Fund's portfolio, will perform exactly as
its underlying index. The Fund’s underlying ETFs invest in: foreign
securities, which subject them to risk of loss not typically
associated with domestic markets, such as currency fluctuations and
political uncertainty; commodities markets, which subject them to
greater volatility than investments in traditional securities, such
as stocks and bonds; and fixed income securities, which subject
them to credit risk – the possibility that the issuer of a security
will be unable to make interest payments and/or repay the principal
on its debt – and interest rate risk – changes in the value of a
fixed-income security resulting from changes in interest rates.
Leverage, including borrowing, will cause some of the Fund’s
underlying ETFs to be more volatile than if the underlying ETFs had
not been leveraged.
The Fund is distributed by ALPS Distributors, Inc. (ALPS), which
is not affiliated with IndexIQ, and which does not distribute the
SMA. IndexIQ Advisors distributes the SMA. Adam Patti is a
registered representative of ALPS.
IDX000902.032213
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