All seven of IndexIQ’s proprietary family of hedge fund replication and alternative beta indices were negative in July.
The IQ Hedge Long/Short Beta Index was the worst performer with a return of -1.51 per cent followed by the IQ Hedge Emerging Markets Beta Index (-1.42 per cent), the IQ Hedge Market Neutral Beta Index (-1.23 per cent) and the IQ Hedge Global Macro Beta Index (-1.22 per cent).
The IQ Hedge Event-Driven Beta Index and the IQ Hedge Composite Beta Index both returned -1.18 per cent while the IQ Hedge Fixed Income Arbitrage Beta Index had the smallest loss of all with a return of -0.52 per cent.
Designed as investable benchmarks that replicate the performance characteristics of sophisticated hedge fund strategies, the IQ Hedge benchmark indices were originally introduced on 30 March 2007 and have been calculating live since that date.
