IndexIQ is joining Schwab ETF OneSource, which offers investors and advisors commission-free exchange-traded funds.
Schwab clients can now buy and sell five ETFs from IndexIQ’s family of liquid alternative ETFs with USD0 online trade commissions and no early redemption fees or hidden costs.
The five IndexIQ ETFs now available are:
• IQ Hedge Multi-Strategy Tracker ETF;
• IQ Hedge Market Neutral Tracker ETF;
• IQ Merger Arbitrage ETF;
• IQ Global Resources ETF;
• IQ Global Agribusiness Small Cap ETF.
“The demand for liquid alternatives has been growing rapidly over the past several years, a trend we expect will continue,” says Adam Patti, chief executive officer at IndexIQ. “We are delighted that Schwab has elected to make five of our funds available to investors and advisors through Schwab ETF OneSource.”
“IndexIQ has been a true leader in the liquid alternatives space since its inception, and this is a category where we are seeing growing demand from clients. We are pleased to add IndexIQ funds to our platform,” says Heather Fischer, vice president of ETF platform engagement at Charles Schwab.