IndexIQ has launched the IQ Chaikin US Large Cap ETF (CLRG), the second ETF brought to market by the IndexIQ team that is designed to leverage the Chaikin Power Gauge, a proprietary quantitative stock rating model developed by Marc Chaikin, an investment strategist with 50 years of market experience.
The fund tracks the NASDAQ Chaikin Power US Large Cap Index, which is made up of approximately 45-60 large cap domestic equities that have been identified by the Chaikin Power Gauge as being likely to outperform the market, with the overall resulting portfolio having the potential to outperform both market-weighted and active strategies.
CLRG joins CSML, the IQ Chaikin US Small Cap ETF, in the IndexIQ family. CSML began trading on May 16, 2017, has gathered more than USD300 million in assets and has outperformed the Russell 2000 index since its inception.
