New York (HedgeCo.Net) - Index-based alternative investment provider Index IQ has launched a new hedge fund replicator fund, the IQ Hedge Market Neutral Tracker ETF (QMN). The new ETF fund seeks to track, before fees and expenses, the performance of the IQ Hedge Market Neutral Index.
“The Index IQ ETF continues the growth of the hedge fund-like investment industry.” Brett Langbert, President and COO at HedgeCo Networks, said of the launch. “This is a major trend to follow in alternative assets, as roughly $50 trillion in retail assets have little to no exposure to hedge funds. Platforms that provide hedge fund-like performance, such as ETFs and separately managed account platforms, give retail investors a way to mirror hedge fund performance in their own portfolios, and we believe this is a new wave of hedge fund investing and a trend all industry participants should keep their eyes on.”
Market Neutral hedge funds typically invest in both long and short positions in asset classes while minimizing exposure to systematic risk. The new ETF joins IndexIQ’s suite of “alternative to alternatives” investment strategies.
IndexIQ’s philosophy is to democratize investment management by making innovative alternative investment strategies available to investors in low cost, liquid and transparent products.
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