Specifically, QGTA includes about 50 ETFs. Top holdings include iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEArca: LQD) 18.8%, Vanguard FTSE Developed Markets ETF (NYSEArca: VEA) 17.1% and SPDR Barclays Convertible Securities ETF (NYSEArca: CWB) 10.1%.
“Since 2007, our replication technology has proven to successfully replicate opaque hedge fund strategies,” Patti added. “This same technology is being used to provide the performance of market leading global allocation mutual funds, however with a lower fee, far greater tax efficiency and full transparency.”
Index IQ also offers the popular hedge-fund replication ETF, the IQ Hedge Multi-Strategy ETF (NYSEArca: QAI), which provides a diversified mix of alternative strategies, including multiple hedge fund investment styles, such as long/short equity, global macro, market neutral, event-driven, fixed income arbitrage and emerging markets. [Hedge Rate Risk with a Multi-Strategy ETF]
For more information on new fund products, visit our new ETFs category.
Max Chen contributed to this article.