IndexIQ has lowered the total expense ratio (TER) for its suite of 50 per cent currency hedged international equity ETFs, as of 12 July, 2017.
“We’re pleased to make it more cost-efficient for investors to access the benefits of our 50 percent hedged suite of international equity ETFs,” says IndexIQ’s Chief Investment Officer Salvatore Bruno.
“HFXI and the other funds in this product suite have performed exactly as designed since we launched them in July of 2015, even as Brexit, the results of the US election, and a push for a weaker dollar have whipsawed the currency market in different and frequently counterintuitive ways.
“With these lower fees, this innovative family of funds is even better positioned for future growth.”
