Six out of seven of IndexIQ’s family of investable hedge fund replication indices finished September with positive returns, with the IQ Hedge Long/Short Beta Index leading the way at 1.80 per cent.
The IQ Hedge Market Neutral Beta Index was the only one to finish the month in negative territory with a return of -1.24 per cent.
Designed as investable benchmarks that replicate the performance characteristics of sophisticated hedge fund strategies, the IQ Hedge benchmark indexes were originally introduced on 30 March 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.
IndexIQ Indexes underlie a variety of investment products globally including ETFs, mutual funds, and institutional accounts.