IndexIQ Announces August 2013 Performance of Its IQ Hedge Family of Investable Benchmark Hedge Fund Replication Indexes
September 04 2013 - 1:15PM
Business Wire
IndexIQ, a leading developer of index-based alternative
investment solutions, today announced the performance of its
proprietary family of hedge fund replication and alternative beta
indexes.
Designed as investable benchmarks that replicate the performance
characteristics of sophisticated hedge fund strategies, the IQ
Hedge™ benchmark indexes were originally introduced on March 30,
2007, and have been calculating live since that date. IQ Hedge is
the first family of investable benchmark indexes covering hedge
fund replication/alternative beta strategies.
For the period ended August 31, 2013, the returns for the
indexes were as follows:
IQ HEDGE FUND REPLICATION - Beta Indexes
1 Month 3 Month
YTD 1 Year 3
Year 5 Year IQ Hedge Global Macro Beta
Index IQHGGMB -0.79% 0.00% -2.27% -5.00% 1.09% 2.81%
IQ Hedge Long/Short Beta Index IQHGLSB -0.63%
0.15% 3.24% 7.18% 6.17% 1.91%
IQ Hedge Event-Driven Beta
Index IQHGEDB -1.20% -1.32% -1.15% 0.91% 3.00% 3.76%
IQ Hedge Market Neutral Beta Index IQHGMNB
-0.67% 0.02% 0.20% 2.34% 1.28% 2.72%
IQ Hedge Emerging
Markets Beta Index IQHGEMB -1.90% -3.44% -6.86% -2.69%
-0.77% 4.58%
IQ Hedge Fixed Income Arbitrage Beta
Index IQHGFIB -0.47% -0.93% 2.08% 4.06% 5.32% 4.60%
IQ Hedge Composite Beta Index
IQHGCOB -0.94% -0.91%
-0.80% 1.12% 2.74%
3.53%
Performance greater than one year is
annualized. Past performance does not guarantee future results.
Since its founding in 2006, IndexIQ has been a pioneer in the
development and application of innovative index-based investment
strategies. The IQ Hedge Indexes are increasingly being used as the
basis of investment products worldwide, and as benchmarks for
advisors to determine how well their actively managed hedge funds
and alternative mutual funds are actually performing.
IndexIQ Indexes underlie a variety of investment products
globally including ETFs, mutual funds, and institutional accounts.
IndexIQ products are designed to be liquid, transparent, low cost,*
and accessible to a broad range of investors, many of which are the
first of their kind to be introduced to the market, including:
- IQ Alpha Hedge Strategy Fund (IQHIX
– Institutional Share Class; IQHOX – Investor Share Class), the
first open-end, no-load hedge fund replication mutual fund;
- IQ Hedge Multi-Strategy Tracker
ETF (NYSE Arca: QAI), the first US-listed hedge fund
replication Exchange-Traded Fund;
- IQ Hedge Market Neutral Tracker
ETF (NYSE Arca: QMN) providing exposure to the market
neutral hedge fund universe (launch 10/4/12);
- IQ Hedge Macro Tracker ETF
(NYSE Arca: MCRO), the first Global Macro/Emerging Markets
hedge fund replication ETF;
- IQ Merger Arbitrage ETF (NYSE Arca:
MNA), the first merger arbitrage ETF;
- IQ Real Return ETF (NYSE Arca:
CPI), the first US-listed “real return” ETF, which seeks to
generate a real return above the rate of inflation as measured by
changes in the Consumer Price Index;
- IQ US Real Estate Small Cap ETF
(NYSE Arca: ROOF), the first US Real Estate Small Cap ETF;
- IQ Global Resources ETF (NYSE Arca:
GRES), the first hedged global natural resources ETF;
- IQ Global Agribusiness Small Cap ETF
(NYSE Arca: CROP), the first agribusiness small cap ETF;
- IQ Global Oil Small Cap ETF (NYSE
Arca: IOIL), the first global oil small cap ETF;
- IQ Canada Small Cap ETF (NYSE Arca:
CNDA), the first Canada small cap ETF;
- IQ Australia Small Cap ETF (NYSE
Arca: KROO), the first Australia small cap ETF.
About IndexIQ
IndexIQ is a leading issuer of index-based liquid alternative
solutions focused on absolute return, real asset and international
strategies. IndexIQ solutions are offered as ETFs, Mutual Funds,
Separate Accounts and Model Portfolios. IndexIQ’s philosophy is to
democratize investment management by making innovative alternative
investment strategies available to investors in low cost, liquid
and transparent products.* IndexIQ strategies are marketed through
the company’s proprietary investment products and select
partnerships with leading global financial institutions. Additional
information about the company and its products can be found at
www.IndexIQ.com.
*IndexIQ’s ETF holdings are available daily on IndexIQ’s
website. Brokerage commissions apply to ETFs. ETFs are liquid in
that they are exchange-traded.
Index performance does not reflect charges and expenses
associated with the Funds or brokerage commissions associated with
buying and selling ETF shares. One cannot invest directly in an
index.
The IQ Alpha Hedge Strategy Fund (IQ Fund), the IQ Hedge
Multi-Strategy Tracker ETF (IQ Multi-Strategy ETF), the IQ Hedge
Market Neutral Tracker ETF (QMN ETF), and the IQ Macro Tracker ETF
(IQ Macro ETF) are not hedge funds and do not invest in hedge
funds. The IQ Alpha Hedge Strategy Fund is a registered open-end
mutual fund that invests in exchange-traded funds (ETFs) and
similar securities in an attempt to replicate the performance
characteristics of certain hedge fund investing styles, but with
less cost, more liquidity, and greater portfolio transparency than
traditional hedge funds. There can be no assurance that the Funds’
investment strategies will be successful. The investment
performance of the IQ Multi-Strategy ETF, the QMN ETF, the IQ Macro
ETF and the IQ Real Return ETF (collectively, the IQ ETFs), because
they are funds of funds, depends on the investment performance of
the underlying ETFs in which they invest. There is no guarantee
that the IQ ETFs themselves, or each of the underlying ETFs in the
Funds’ portfolios, will perform exactly as its underlying index.
The IQ ETFs are non-diversified and susceptible to greater losses
if a single portfolio investment declines than would a diversified
mutual fund. The IQ ETFs’ underlying ETFs invest in: foreign
securities, which subject them to risk of loss not typically
associated with domestic markets, such as currency fluctuations and
political uncertainty; commodities markets, which subject them to
greater volatility than investments in traditional securities, such
as stocks and bonds; and fixed income securities, which subject
them to credit risk; the possibility that the issuer of a security
will be unable to make interest payments and/or repay the principal
on its debt; and interest rate risk; changes in the value of a
fixed-income security resulting from changes in interest rates.
Leverage, including borrowing, will cause some of the IQ ETF’s
underlying ETFs to be more volatile than if the underlying ETFs had
not been leveraged. The QMN ETF is new and has limited operating
history.
Investors are reminded that all investing involves risk,
including possible loss of principal. Consider the Funds’
investment objectives, risks, charges and expenses carefully before
investing. A prospectus with this and other information about the
Funds may be obtained by visiting www.indexiq.com or by calling
(888) 934-0777. Read the prospectus carefully before investing.
IndexIQ ETFs and mutual funds are distributed by ALPS
Distributors, Inc., which is not affiliated with IndexIQ.
IDX001295.090413
MacMillan CommunicationsMike MacMillan/Chris Sullivan,
212-473-4442chris@macmillancom.com