US firm launches hedge fund rep ETF

Financial Standard – US investors can now access a liquid and transparent hedge fund replication strategy after IndexIQ launched the IQ Hedge Multi-Strategy Tracker ETF on the New York Stock Exchange.

The New York based firm’s exchange traded fund (ETF) seeks to replicate the returns of the IQ Hedge Multi-Strategy Index before fees and expenses.

The index holds a range of hedge fund strategies including equity long/short, global macro, market neutral, event driven and fixed income arbitrage.

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