RYE BROOK, N.Y., Dec. 13,
2017 /PRNewswire/ -- IndexIQ, a New York Life Investments
company, and a leading provider of innovative ETF solutions, today
announced the launch of the IQ Chaikin U.S. Large Cap ETF (NASDAQ:
CLRG).
CLRG is the second ETF brought to market by the IndexIQ team
designed to leverage the Chaikin Power Gauge® (CPG), a
proprietary quantitative stock rating model developed by
Marc Chaikin, an investment
strategist with 50 years of market experience.
CLRG is designed to track the price and yield performance of the
NASDAQ Chaikin Power U.S. Large Cap Index (the Index), which is
made up of approximately 45-65 large cap domestic equities that
have been identified by the Chaikin Power Gauge as being likely to
outperform the market, with the overall resulting portfolio having
the potential to outperform both market-weighted and active
strategies.
Unlike other large cap domestic equity ETFs, CLRG is not closely
tied to the performance of the S&P 5001, giving
investors the opportunity to add differentiated domestic large cap
exposure to their core equity holdings.
CLRG joins the IQ Chaikin U.S. Small Cap ETF (NASDAQ: CSML), which leverages the Chaikin Power
Gauge's multi-factor approach in building a portfolio of domestic
small-cap equities. CSML began trading on May 16, 2017, has more than $300 million in assets and has outperformed the
Russell 2000 index since its inception2.
In addition to CSML, CLRG joins a host of other
first-of-their-kind factor-based ETF approaches from IndexIQ,
including fixed income funds such as the IQ Enhanced Core Bond U.S.
ETF (NYSE Arca: AGGE) and IQ
Enhanced Core Plus Bond U.S. ETF (NYSE Arca: AGGP), which were launched in May of 2016,
and the IQ S&P High Yield Low Volatility Bond ETF (NYSE Arca:
HYLV), the first high yield low
volatility fixed income ETF, which launched in February of
2017.
Salvatore Bruno, Chief Investment
Officer with IndexIQ said:
"The addition of CLRG to our product suite provides investors
and advisors with a powerful tool as they contemplate their
domestic equity holdings. Having the ability to add domestic large
cap exposure that combines a high conviction, multi-factor approach
with the lower costs, transparency and tax efficiency of ETFs is a
great opportunity for advisors to help build better portfolios for
their clients."
Marc Chaikin, Founder and CEO of
Chaikin Analytics, LLC said:
"IndexIQ is known for bringing thoughtful, innovative products
to market. Our entire suite of NASDAQ Chaikin indices is built on a
proprietary research process and provides the basis for
differentiated exposures, a task to which I've dedicated my career.
We look forward to continuing our partnership with IndexIQ and
bringing more multi-factor solutions to investors."
About IndexIQ
IndexIQ is a pioneer and leading provider of innovative
investment solutions focused on absolute return, real assets,
international and fixed income strategies. IndexIQ's solutions are
offered as ETFs, mutual funds, separately managed accounts, and ETF
model portfolios. The company's philosophy is to democratize
investment management by providing all investors with
cost-effective access to the types of high-quality, sophisticated
investment products that typically have been reserved for
institutional and ultra-high-net-worth investors. IndexIQ's mission
is to take indexing to the next level by combining the best
attributes of both passive and active investing, and make
strategies available to investors in low cost, liquid, and
transparent products. IndexIQ is an indirect, wholly-owned
subsidiary of New York Life Insurance Company. Additional
information about IndexIQ and its products can be found at
IQetfs.com.
About Chaikin Analytics, LLC
Marc Chaikin created Chaikin Analytics to
put the power of proven stock research tools and analytics in the
hands of professional and individual investors and traders. A Wall
Street analyst, stock broker and options expert for 50
years, Chaikin created the Chaikin Power Gauge, a
proven 20-factor model that uniquely combines fundamental,
technical and sentiment factors to provide alpha. With the Chaikin
Power Gauge stock rating model as its centerpiece, Chaikin
Analytics offers powerful decision-making tools in an easy-to-use
desktop and iPad application. Chaikin also created three
technical trading indicators, the widely-used Chaikin Oscillator,
the Chaikin Accumulation/Distribution Indicator and the Chaikin
Persistency of Money Flow. Chaikin's indicators are industry
standards, found on most trading platforms in the world.
He also pioneered the first real-time analytics workstation
for institutional money managers and trading desks, now part of
Thomson Reuters' institutional workstation. For more information on
Chaikin Analytics, LLC please
visit www.chaikinanalytics.com.
For additional
information about IndexIQ, please contact:
|
|
|
Allison
Scott
|
Chris Sullivan/Mike
MacMillan
|
New York Life
Insurance
|
MacMillan
Communications
|
(212)
576-4517
|
(212)
473-4442
|
allison_scott@newyorklife.com
|
chris@macmillancom.com
|
|
|
For information about
Chaikin Analytics, please contact:
|
|
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Sandy
Betner
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|
Chaikin
Analytics
|
|
(215)
913-9706
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sandy@chaikinanalytics.com
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|
Nasdaq®, NASDAQ Chaikin Power U.S. Large
Cap Index, are registered trademarks of Nasdaq, Inc. (which
with its affiliates is referred to as the "Corporations") and are
licensed for use by IndexIQ. The Product(s) have not been passed on
by the Corporations as to their legality or suitability. The
Product(s) are not issued, endorsed, sold, or promoted by the
Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO
LIABILITY WITH RESPECT TO THE PRODUCT(S).
About Risk:
As with all investments, there are certain risks of investing in
the Fund. The Fund's shares will change in value, and you could
lose money by investing in the Fund. There can be no assurance
that investment objectives will be met.
The Underlying Index may not be successful in replicating the
performance of its target strategies. The Underlying Index seeks to
provide exposure to large-cap equity securities that are expected
to outperform peers, based upon a quantitative multi-factor model.
There is no guarantee that the construction methodology of the
Underlying Index will accurately provide exposure to equity
securities that outperform their peers. Furthermore, an investment
in a security that outperforms its peers may still lose money.
Investments in common stocks and other equity securities are
particularly subject to the risk of changing economic, stock
market, industry and company conditions and the risks inherent
in the portfolio managers' ability to anticipate such changes
that can adversely affect the value of the Fund's holdings.
Opportunity for greater gain often comes with greater risk of
loss.
Marc Chaikin, Chaikin Analytics
and Chaikin Power Gauge are not owned, operated or affiliated with
New York Life Investments LLC or any of its affiliates.
The Fund is a new fund. As a new fund, there can be no assurance
that it will grow to or maintain an economically viable size, in
which case, it may experience greater tracking error to its
Underlying Index than it otherwise would at higher asset levels, or
it could ultimately liquidate.
Consider the Fund's investment objectives, risks, and charges
and expenses carefully before investing. The prospectus and the
statement of additional information include this and other relevant
information about the Fund and are available by visiting IQetfs.com
or calling 1-888-474-7725. Read the prospectus carefully
before investing.
MainStay Investments® is a registered service mark
and name under which New York Life Investment Management LLC does
business. MainStay Investments, an indirect subsidiary of New York
Life Insurance Company, New York, NY 10010, provides
investment advisory products and services. IndexIQ® is
an indirect wholly owned subsidiary of New York Life Investment
Management Holdings LLC. ALPS Distributors, Inc. (ALPS) is the
principal underwriter of the ETFs. NYLIFE Distributors LLC is a
distributor of the ETFs and the principal underwriter of the IQ
Multi-Strategy Plus Fund. NYLIFE Distributors LLC is located at 30
Hudson Street, Jersey City, NJ 07302. ALPS Distributors,
Inc. is not affiliated with NYLIFE Distributors LLC. NYLIFE
Distributors LLC is a Member FINRA/SIPC. Marc
Chaikin and Chaikin Analytics are not affiliated with New York
Life Investment Management LLC.
1 Source: Morningstar Direct 11/30/17; Performance of
Nasdaq Chaikin US Large Cap TR USD from inception 4/1/14 – 11/30/17
relative to S&P 500.
2Source: Morningstar Direct 12/11/17- From inception
on May 16, 2017 through December 5th, CSML has returned 11.27
percent, compared to a 9.61 percent return for the Russell 2000
Index over that same time frame
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SOURCE IndexIQ