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The IQ Hedge Multi-Strategy Tracker ETF marks fourth anniversary


The IQ Hedge Multi-Strategy Tracker ETF (QAI), the first hedge fund style exchange-traded fund and the industry’s largest alternative exchange-traded fund, marked its fourth anniversary on 25 March, according to the fund’s sponsor IndexIQ.

“The introduction of QAI in 2009 marked a real turning point in the marketplace,” says Adam Patti, chief executive officer at IndexIQ. “For the first time, investors and their advisors were able to have access to a hedge fund-like strategy in an ETF, with all the advantages that fund structure entails –low costs, high liquidity, and full transparency. This was the first step in our journey towards ‘democratizing’ alternative investing.”
QAI seeks to track, before fees and expenses, the performance of the IQ Hedge Multi-Strategy Index. The index attempts to replicate the risk-adjusted return characteristics of hedge funds using various hedge fund investment styles, including long/short equity, global macro, market neutral, event-driven, fixed income arbitrage and emerging markets.
In the four years since its launch, QAI has gathered over USD350m in assets, more than any other single liquid alternative ETF. IndexIQ has followed up on this success by launching several additional liquid alternative ETFs, including IQ Hedge Macro Tracker ETF, the first global macro/emerging markets hedge fund replication ETF; IQ Merger Arbitrage ETF, the first merger arbitrage ETF; IQ Global Resources ETF, the first hedged global natural resources ETF; and IQ Hedge Market Neutral Tracker, designed to provide market neutral hedge fund exposure. 

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