Six out of seven of IndexIQ’s proprietary family of hedge fund replication and alternative beta indices finished September in negative territory.
The indices underlie a variety of investment products including ETFs, mutual funds, and institutional accounts.
The only index to record positive performance for the month was the IQ Hedge Market Neutral Beta Index with a return of 0.39 per cent.
The month’s biggest loser was the IQ Hedge Emerging Markets Beta Index, down 2.49 per cent, followed by the IQ Hedge Event-Driven Beta Index (-2.04 per cent), the IQ Hedge Long/Short Beta Index (-2.01 per cent), IQ Hedge Global Macro Beta Index (-1.67 per cent), the IQ Hedge Composite Beta Index (-1.48 per cent), and the IQ Hedge Fixed Income Arbitrage Beta Index (-1.06 per cent).