Hedge-fund-like strategies are intended to diversify, or like the the moniker suggests, hedge stock and bond exposure, providing returns that don’t mirror the performance of traditional equity and fixed-income assets.
QAI will soon be rebranded as a Mainstay IQ ETF as a result of New York Life’s New York Life Investment Management (NYLIM) purchasing IndexIQ. That acquisition, announced last month, is expected to close in the first half of this year. [New York Life to Acquire IndexIQ]
IndexIQ Hedge Multi-Strategy ETF
ETF Trends editorial team contributed to this post.