IndexIQ delivers hedge fund replication ETF

IndexIQ Advisors has unveiled the IQ Hedge Multi-Strategy Tracker ETF on NYSE Arca, the US subsidiary of NYSE Euronext. The ETF is the first to track hedge fund replication and also represents the first product by IndexIQ Advisors to list on NYSE Arca. The ETF tracks the IQ Hedge Multi-Strategy Tracker index, which comprises ETFs and other exchange-traded vehicles listed on US exchanges. The index is designed to replicate the risk-adjusted return characteristics of collective hedge funds that adopt various investment styles. These strategies may include long/short equity, globa...