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NYLIM completes acquisition of IndexIQ

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New York Life Investment Management (NYLIM) has completed its acquisition of IndexIQ, with the liquid alternative exchange traded fund provider provider now fully integrated into NYLIM's family of investment boutiques. 

The completion of the acquisition, which complements NYLIM's current capabilities in fixed income, equities and alternative investments, comes at a time when the ETF market is experiencing tremendous growth and is increasingly being recognised for efficient investment vehicles to help investors build diversified portfolios.

IndexIQ adds USD1.7 billion to NYLIM’s more than USD310 billion in assets under management. IndexIQ’s products will be distributed and marketed through New York Life’s industry-leading MainStay Investments platform.

“We are very pleased to welcome IndexIQ as a valuable and strategic addition to our roster of world class asset managers, a perfect complement to our MainStay fund family,” says Drew Lawton (pictured), Chief Executive Officer, New York Life Investment Management. “This acquisition allows us to further strengthen and diversify our investment product offerings to best serve the needs of retail and institutional investors around the world.”

“IndexIQ is a pioneer and true leader in the ETF industry and we look forward to leveraging their already robust ETF platform as a gateway for NYLIM and our boutiques to add new and innovative ETF solutions in the future,” says Stephen Fisher, Co-President of NYLIM and President of MainStay Investments.

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