NEW YORK, Oct. 21, 2021 /PRNewswire/ -- IndexIQ, a New York
Life Investments company, today announced the expansion of its Dual
Impact family of thematic investment strategies with the launch of
three new funds: IQ Engender Equality ETF (NYSE Ticker: EQUL), IQ
Clean Oceans ETF (NYSE Ticker: OCEN), and IQ Cleaner Transport ETF
(NYSE Ticker: CLNR).
Each fund has been launched in alignment with the mission of a
nonprofit leader, and reflects initiatives, research and programs
of that organization. Additionally, New York Life Investments has
committed to making a contribution to each nonprofit equal to ten
percent of the respective fund's management fee so they can
continue to have a direct impact around a key cause.
Dual Impact ETFs: EQUL, CLNR, OCEN
- The IQ Engender Equality ETF (EQUL). Developed using
analysis from Equileap, the leading provider of gender equality
data, EQUL is designed to offer investors exposure to companies
that have demonstrated a commitment to gender equality.
Contributions will be made to Girls Who Code, a leading nonprofit
dedicated to closing the gender gap in technology, on an ongoing
basis.
- The IQ Cleaner Transport ETF (CLNR). Developed in
alignment with the National Wildlife Federation ("NWF"), the
largest conservation organization in the U.S., CLNR provides
exposure to select global companies that support the transition to
more environmentally efficient transportation technologies, such as
electric vehicles, bicycles, motor vehicle parts manufacturers, and
multi-passenger transportation.
- The IQ Clean Oceans ETF (OCEN). Developed in alignment
with Oceana, the largest international advocacy organization
focused solely on ocean conservation, OCEN offers exposure to
global companies that help to protect and/or achieve a cleaner
ocean through reduced pollution and increased resource
efficiency.
OCEN and CLNR's underlying indexes were both developed in
collaboration with Candriam, a New York Life Investments company
and pioneer in ESG investing and indexing. EQUL was developed in
collaboration with Equileap and Solactive, a leading index
provider.
These funds join the IQ Healthy Hearts ETF (HART), which
launched earlier this year in alignment with the American Heart
Association (AHA) and was the first fund in the family of Dual
Impact solutions.
Spokesperson Quotes:
Yie-Hsin Hung, CEO, New York
Life Investment Management:
"Today investors are
demanding more when it comes to ESG investment approaches, and
they're demanding more from the companies in which they're
investing. Meeting these demands takes nothing short of a
revolution in ESG investing, and that is exactly what we have
sought to do with our Dual Impact suite. This is not simply a group
of funds based on screens or factors, but rather it is one built on
the belief that the same funds that have the potential to
positively impact a portfolio can also have a direct and positive
impact on our communities. We are thrilled to be working so closely
with powerful aligned partners like Equileap, Girls Who Code,
Oceana and the National Wildlife Federation. No one can effect
change alone but by working together the approach exemplified by
these funds can potentially have a meaningful impact for investors
as well as our environment, our society, and beyond."
Tarika Barrett, CEO of Girls
Who Code:
"We're thrilled with the opportunity to partner
with New York Life Investments as we work to close the gender gap
in tech by 2030. At Girls Who Code, we understand that the best way
to build a pipeline of women in the tech industry is to foster a
passion for computer science for our youngest students. The
generosity from New York Life Investments will allow us to better
support our Clubs programs: free after-school programs for 3rd-12th
grade students that can be hosted either in-person or virtually.
Together, we'll bring sisterhood and community to girls around the
world and provide them with the tools and confidence they need to
make a difference."
Collin O'Mara, president and
CEO of National Wildlife Federation:
"Addressing climate
change and achieving net-zero emissions by 2050 require that we
leverage every tool in the toolbox. By providing people with the
opportunity to invest in companies that support our country's
transition to cleaner transportation technologies, New York Life
Investments' IQ Cleaner Transport ETF will support the transition
to a new energy economy. This initiative will help the National
Wildlife Federation recover imperiled wildlife, strengthen
community resilience, and confront the climate crisis so that
people and wildlife alike can thrive for generations to
come."
Andrew Sharpless, CEO of
Oceana:
"New York Life Investments' support will help
Oceana's campaign teams continue to win policies that make our
oceans more abundant and biodiverse. We've already won over 225
policy victories and protected nearly 4 million square miles of
ocean habitat. Without the sort of changes Oceana campaigns for,
more than half of the world's marine species will be threatened
with extinction by 2100. Rebuilt, healthy oceans preserve
biodiversity beneath the sea and on land. They help safeguard
future generations from the climate change crisis and can help
sustainably feed a hungry planet. Together, we can save the oceans
and feed the world."
Company Boilerplates:
About New York Life Investments
With over $600 billion in Assets Under Management* as of
June 30, 2021, New York Life
Investments (www.newyorklifeinvestments.com) is comprised of the
affiliated global asset management businesses of its parent
company, New York Life Insurance Company (New York Life), and
offers clients access to specialized, independent investment teams
through its family of affiliated boutiques. New York Life
Investments remains committed to clients through a combination of
the diverse perspectives of its boutiques and a long-lasting focus
on sustainable relationships.
New York Life Insurance Company (www.newyorklife.com), a Fortune
100 company founded in 1845, is the largest mutual life insurance
company in the United States** and
one of the largest life insurers in the world. Headquartered in
New York City, New York Life's
family of companies offers life insurance, retirement income,
investments and long-term care insurance. New York Life has the
highest financial strength ratings currently awarded to any U.S.
life insurer from all four of the major credit rating
agencies***.
*AUM includes assets of Investment Advisors affiliated with
New York Life Insurance Company as of March
31, 2021. AUM for Candriam and Ausbil is reported at the
spot rate.
** Based on revenue as reported by "Fortune
500 ranked within Industries, Insurance: Life, Health (Mutual),"
Fortune magazine, 6/2/2021. For methodology, please see
http://fortune.com/fortune500/.
***Individual independent
rating agency commentary as of 10/15/2020: A.M. Best (A++), Fitch
(AAA), Moody's Investors Service (Aaa), Standard & Poor's (AA+)
The financial strength of New York Life Insurance Company applies
only to its insurance products and not to investment products which
are subject to market risk and fluctuation in value.
"New York Life Investments" is both a service mark, and the
common trade name, of certain investment advisors affiliated with
New York Life Insurance Company.
About IndexIQ
IndexIQ, a New York Life
Investments company, is a provider of exchange-traded funds (ETFs),
with a decade of offering highly differentiated and innovative
solutions to retail and institutional investors. With $4.82 billion in assets under management as of
June 30, 2021, IndexIQ leverages the
asset management capabilities of New York Life Investments'
multi-boutique platform into its suite of offerings which include:
fixed income, equities, alternatives, ESG components and specialty
asset classes. For additional information on IndexIQ, visit
newyorklifeinvestments.com/etf or follow us on Twitter or
LinkedIn.
About CANDRIAM
CANDRIAM stands for "Conviction AND
Responsibility In Asset Management" and is a European
multi-specialist asset manager. A pioneer and leader in sustainable
investments since 1996, CANDRIAM manages around EUR 150 billion of assets under management[1]
with a team of more than 600 professionals. It operates management
offices in Luxembourg,
Brussels, Paris, and London, and has client representatives in more
than 20 countries throughout continental Europe, the United
Kingdom, the United States
and the Middle East. CANDRIAM
offers investment solutions in several key areas: bonds, equities,
absolute performance strategies, and asset allocation, with a broad
and innovative range of ESG strategies covering all its asset
classes.
About Girls Who Code
Girls Who Code is an
international nonprofit organization working to close the gender
gap in technology, and leading the movement to inspire, educate,
and equip young women with the computing skills needed to pursue
21st century opportunities.
Since launching in 2012, Girls Who Code has reached 500 million
people through its work and 300,000 girls through its in-person
programming. College-aged alumni of Girls Who Code are declaring
majors in computer science and related fields at 15 times the U.S.
average. In 2019, the organization was named the #1 Most Innovative
Non-Profit on Fast Company's Most Innovative Companies list. Follow
the organization on social media @GirlsWhoCode.
About National Wildlife Federation
Founded in 1936,
the National Wildlife Federation has grown into America's largest
conservation organization with 52 state/territorial affiliates and
more than six million members and supporters nationwide. The
mission of the National Wildlife Federation is to unite all
Americans to ensure wildlife thrive in our rapidly changing world.
Follow us on Facebook, Twitter, and Instagram.
About Oceana
Oceana is the largest international
advocacy organization dedicated solely to ocean conservation.
Oceana is rebuilding abundant and biodiverse oceans by winning
science-based policies in countries that control one-third of the
world's wild fish catch. With more than 225 victories that stop
overfishing, habitat destruction, pollution, and the killing of
threatened species like turtles and sharks, Oceana's campaigns are
delivering results. A restored ocean means that 1 billion people
can enjoy a healthy seafood meal, every day, forever. Together, we
can save the oceans and help feed the world. Visit www.oceana.org
to learn more.
Media Contacts:
New York Life
Investments / IndexIQ:
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Allison Scott / Sara
Guenoun
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Chris Sullivan/Julia
Stoll
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allison_scott@nylim.com
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chris@macmillancom.com
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sara_j_guenoun@newyorklife.com
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julia@macmillancom.com
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Girls Who
Code
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Poonam
Mantha
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poonam.mantha@girlswhocode.com
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National Wildlife
Federation
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Anna
Vecchio
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VecchioA@nwf.org
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Oceana
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Anna
Baxter
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abaxter@oceana.org
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Disclaimers:
ESG Investing Style Risk Impact investing and/or
Environmental, Social and Governance (ESG) managers may take into
consideration factors beyond traditional financial information to
select securities, which could result in relative investment
performance deviating from other strategies or broad market
benchmarks, depending on whether such sectors or investments are in
or out of favor in the market. Further, ESG strategies may rely on
certain values based criteria to eliminate exposures found in
similar strategies or broad market benchmarks, which could also
result in relative investment performance deviating. There is no
assurance that employing ESG strategies will result in more
favorable investment performance.
Consider the Funds' 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 Funds and are available by
visiting IQetfs.com. Read the prospectus
carefully before investing.
IndexIQ® is an indirect wholly owned
subsidiary of New York Life Investment Management Holdings LLC and
serves as the advisor to the IndexIQ ETFs. ALPS Distributors, Inc.
(ALPS) is the principal underwriter of the ETFs. NYLIFE
Distributors LLC is a distributor of the ETFs. NYLIFE Distributors
LLC is located at 30 Hudson Street, Jersey City, NJ 07302. ALPS Distributors, Inc.
is not affiliated with NYLIFE Distributors LLC. NYLIFE Distributors
LLC is a Member FINRA/SIPC.
Girls Who Code:
IQ Engender Equality ETF (the "Fund")
is offered by IndexIQ, the Fund's sponsor, in alignment with Girls
Who Code Inc. ("GWC"). The Fund is designed to promote
investment objectives that are deemed to be consistent with GWC's
mission. Shares of the Fund are not sponsored, endorsed or
promoted by GWC, and GWC is not an investment adviser or service
provider to the Fund. GWC makes no representations or warranties
regarding the performance of the Fund and will have no obligation
or liability in connection with the Fund. The Fund's sponsor,
IndexIQ, and its affiliates are supporters of and donors to GWC and
are making a substantial contribution to GWC in connection with
GWC's agreement to license use of its name and trademarks to
IndexIQ and its affiliates. NYLIM and IndexIQ's contribution to GWC
is calculated on an annualized basis to be the lower of: (i) 0.045%
of the Fund's average daily net managed assets (the average daily
value of the total assets of the Fund, less all accrued liabilities
of the Fund and less any management fees waived by the Fund's
adviser or sub-adviser); or (ii) ten percent of the Fund's net
annual management fee taking into account all applicable fee
waivers and expense reimbursements. NYLIM and IndexIQ will
make annual minimum contributions to GWC of $25,000 in each of the years 2021 to 2025 so long
as their commercial co-venture is in effect.
National Wildlife Federation:
IQ Cleaner Transport ETF
(the "Fund") is offered by IndexIQ, the Fund's sponsor, in
alignment with the National Wildlife Federation ("NWF"). The
Fund is designed to promote investment objectives consistent with
NWF's mission. Shares of the Fund are not sponsored, endorsed
or promoted by NWF, and NWF is not an investment adviser or service
provider to the Fund. NWF makes no representations or warranties
regarding the performance of the Fund and will have no obligation
or liability in connection with the Fund. The Fund's sponsor,
IndexIQ, and its affiliates are supporters of and donors to NWF and
are making a substantial contribution to NWF in connection with
NWF's agreement to license use of its name and trademarks to
IndexIQ and its affiliates. NYLIM and IndexIQ's contribution to NWF
is calculated on an annualized basis to be the lower of: (i) 0.045%
of the Fund's average daily net managed assets (the average daily
value of the total assets of the Fund, less all accrued liabilities
of the Fund and less any management fees waived by the Fund's
adviser or sub-adviser); or (ii) ten percent of the Fund's net
annual management fee taking into account all applicable fee
waivers and expense reimbursements. NYLIM and IndexIQ will
make annual minimum contributions to NWF of $30,000 in each of the years 2021 to 2025 so long
as their commercial co-venture is in effect.
Oceana:
Oceana, Inc. ("Oceana") licenses to the
Advisor, the sponsor of the Fund, certain trademarks for use in
connection with the Fund. Shares of the Fund are not issued,
sponsored, endorsed or promoted by Oceana. The Advisor, and its
affiliates are donors to and supporters of Oceana and are making a
substantial contribution to Oceana. Oceana makes no representation
or warranty, express or implied, to prospective or actual investors
in the Fund or to any member of the public regarding the
advisability of investing in any financial product, including one
seeking to track the index representing securities which are
consistent with Oceana's stated objectives and mission (the
"Underlying Index"), the ability of the Fund to track the
performance of the index constructed by the Fund's index provider,
the ability of the Underlying Index to meet or exceed stock market
performance, the suitability of the Underlying Index for use by the
Fund, the suitability of the Fund or the ability of the Underlying
Index or Fund to achieve its investment goals. Oceana has no
obligation or liability to the Fund, any Fund investor, or any
other person in connection with the operation, administration,
marketing of or trading in the Fund or shares of the Fund or
otherwise. Oceana is not an investment adviser or a fund
distributor or service provider and is not involved in the ongoing
operation of the Fund. Oceana is not responsible for the
completeness or accuracy of the Fund's registration statement.
Inclusion of a security within the Underlying Index is not a
recommendation by Oceana to buy, sell or hold such security, nor is
it considered to be investment advice or a guarantee that the
investment goals of the Underlying Index will be achieved. Oceana
is not involved with the construction, calculation or ongoing
operation of the Underlying Index and does not guarantee the
accuracy and/or the completeness of the Underlying Index or any
data included therein.
NYLIM and the Advisor are donors to and supporters of Oceana.
Oceana has authorized NYLIM and the Advisor to reference its name
and certain marks owned by Oceana in connection with a commercial
co-venture entered into between NYLIM the Advisor and Oceana. None
of the payments made by NYLIM and the Advisor to Oceana is in
exchange for services provided by Oceana. NYLIM and the Advisor's
contribution to Oceana is calculated on an annualized basis to be
the lower of: (i) 0.045% of the Fund's average daily net managed
assets (the average daily value of the total assets of the Fund,
less all accrued liabilities of the Fund and less any management
fees waived by the Fund's adviser or sub-adviser); or (ii) ten
percent of the Fund's net annual management fee taking into account
all applicable fee waivers and expense reimbursements. NYLIM and
the Advisor will make annual minimum contributions of $50,000 per
year through the fifth anniversary of the listing of the ETF on a
national securities exchange.
1 As of 30 June 2021
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SOURCE New York Life Investments