IndexIQ Leaps into the Asset Management Business

IndexIQ Advisors have seven investable funds that include hedge fund and exchange-traded fund products.

Fleites will be the president of IndexIQ Advisors. Fleites spent eighteen years with State Street Global Advisors (SSgA), starting as a portfolio manager and then later becoming department head for Asset Allocation Strategies, then head of Exchange-Traded Funds, and finally President of SSgA Funds Management, Inc.

The seven investable funds are derived from two product families HedgeIQ, a series of hedge fund replication solutions, and ETFIQ, a series of exchange-traded fund products, according to a news release.

The Four HedgeIQ strategies include:

• HedgeIQTM Composite: provides performance characteristics comparable to a fund of hedge fund strategy.
• HedgeIQTM Long Short: provides performance characteristics comparable to long/short hedge fund styles.
• HedgeIQTM Market Neutral: provides performance characteristics comparable to market neutral hedge fund styles.
• HedgeIQTM Fixed Income Arbitrage: provides performance characteristics comparable to fixed income arbitrage hedge fund styles.

Three ETFIQ strategies include:

• ETFIQTM – Commodity Rotation: seeks long-term capital appreciation and low correlation to the broader market through rotating exposure to various commodities ETFs.
• ETFIQTM – Country Rotation All World Ex-US: seeks long-term capital appreciation through rotating exposure to the universe of developed and emerging international equity markets, through country ETFs.
• ETFIQTM – Country Rotation Developed Markets Ex-US: seeks long-term capital appreciation through rotating exposure to the universe of developed international equity markets through country ETFs.

Additional information about the company and its products can be found at www.indexiq.com.