Five of the six IndexIQ Hedge Indices were positive in January, with the IQ Hedge Event Drive Index up 1.7 per cent and the IQ Hedge Long/Short Index up 1.17 per cent.
The IQ Hedge Global Macro Index, which had declined slightly in December, bounced back to return 1.34 per cent in January.
The IQ Hedge Market Neutral Index was the sole decliner, dropping 0.02 per cent.
"The so-called 'Trump' market marched on in January, while international stocks had an additional tailwind following a drop in the dollar, also inspired by the President," says Salvatore Bruno, IndexIQ's chief investment officer. "This set the stage for what was another very positive month for liquid alternatives."
Designed as investable benchmarks that replicate the performance characteristics of sophisticated hedge fund strategies, the IQ Hedge Indexes comprise the first family of investable benchmark indexes covering hedge fund replication/alternative beta strategies.