ETF Spotlight: Multi-Strategy Hedge Fund Replicator | ETF Trends

ETF Spotlight on the IndexIQ Hedge Multi-Strategy Tracker ETF (NYSEArca: QAI), part of an ongoing series.

Assets: $208.5 million.

Objective: The IndexIQ Hedge Multi-Strategy Tracker ETF tries to reflect the performance of the IQ Hedge Multi-Strategy Index, which replicates the risk-adjusted return characteristics of hedge funds by using hedge fund strategies, such as long/short equity, global macro, market neutral, event-driven, fixed-income arbitrage and emerging markets.

Holdings: Top holdings include: iShares iBoxx Investment Grade Corporate Bond (NYSEArca: LQD) 22.0%, iShares Barclays 1-3 Year Treasury Bond (NYSEArca: SHY) 7.2%, iShares MSCI EAFE Index (NYSEArca: EFA) 6.7%, Vanguard Short-Term Bond ETF (NYSEArca: BSV) 6.6% and iShares Russell 2000 Index (NYSEArca: IWM) 5.6%.