The ETF doesn’t invest in hedge funds. Instead, it seeks performance similar to the overall hedge fund universe, and a low correlation to the stock market. Most of QAI’s holdings are other ETFs.
IndexIQ Chief Executive Adam Patti in an interview earlier this year said hedge fund returns should improve as interest rates move higher. He said QAI and the firm’s other hedge fund ETFs are “cheaper” versions of hedge funds, without the lockup periods. [IndexIQ Gains Momentum in Alternative ETFs]
IQ Hedge Multi-Strategy Tracker ETF
