.jpg)
NYSE Euronext (NYX) announced that its wholly-owned subsidiary, NYSE Arca, today began trading the IQ Hedge Multi-Strategy Tracker ETF under the ticker symbol “QAI.” The ETF is sponsored by IndexIQ Advisors LLC.
The IQ Hedge Multi-Strategy Tracker ETF is the first ETF to track hedge fund replication and the first product by IndexIQ Advisors to list on NYSE Arca.
The Fund's investment objective is to seek investment results that correspond (before fees and expenses) generally to the price and yield performance of its underlying index, the IQ Hedge Multi-Strategy Tracker Index (the “Underlying Index”), developed by IndexIQ. The investment objective is not fundamental and may be changed without shareholder approval.
The Underlying Index components primarily will include ETFs and/or other exchange-traded vehicles listed and traded on U.S. exchanges. The Underlying Index seeks to replicate the risk-adjusted return characteristics of the collective hedge funds that employ various hedge fund investment styles, which may include but are not limited to long/short equity, global macro, market neutral, event-driven, fixed income arbitrage, emerging markets and other strategies commonly used by hedge fund managers.
The fund’s prospectus and other fund information are available at: www.indexiq.com.
