RYE BROOK, N.Y., May 16, 2017 /PRNewswire/ -- IndexIQ, a leading provider of innovative investment solutions, today
announced the launch of the IQ Chaikin U.S. Small Cap ETF (NASDAQ: CSML), the first domestic equity-focused addition to IndexIQ's family of
factor-based investment solutions.
CSML is designed to track the price and yield performance of the NASDAQ Chaikin Power U.S. Small Cap Index (the Index), which
leverages the Chaikin Power Gauge® (CPG), a proprietary 20-factor quantitative stock rating model, in the security selection
process. The Index is comprised of highly rated stocks derived using the CPG, and has the potential to outperform market-weighted
products and active strategies. CPG was developed by Marc Chaikin, an investment strategist with
50 years of experience.
Chaikin's methodology, using sophisticated market-based indicators—combining value, growth, technical and sentiment—have
become industry standard1 among asset managers and institutional investors. Chaikin Analytics recently won the 2017
Benzinga Global Fintech Award for Best Trading Idea Platform, Tool or App2.
"We're very excited to be using the approach pioneered by Marc Chaikin and his colleagues in
bringing CSML to market as our first domestic equity, strategic beta ETF," said IndexIQ's Chief Executive Officer Adam Patti.
Added IndexIQ's Chief Investment Officer Salvatore Bruno, "Small-cap stocks have historically
outperformed their large-cap counterparts over the long-term, and rebounded from market downturns at a quicker pace. Small-caps
also tend to be more domestically focused when compared to their multi-national large-cap counterparts, allowing them to be
insulated from issues that impact revenues from overseas, such as a rising dollar. Therefore, we believe CSML will fit well as a
core U.S. small-cap equity position, as part of the science behind building smarter portfolios for investors."
"We are thrilled to be collaborating with IndexIQ and bringing our Chaikin Power Gauge stock rating approach to the ETF
marketplace for the first time," said Marc Chaikin, Founder and CEO of Chaikin Analytics, LLC. "By
combining proven, market-based factors, as we've done with our Nasdaq Chaikin Power Indexes, it's now possible for ETF investors
to build smarter stock portfolios with the potential to enhance returns across various market cycles."
CSML joins a growing family of factor-based ETF offerings from IndexIQ, including three first of their kind fixed income
offerings: the IQ Enhanced Core Bond U.S. ETF (NYSE Arca: AGGE) and IQ Enhanced Core Plus
Bond U.S. ETF (NYSE Arca: AGGP), which were launched in May of 2016, and the IQ S&P High Yield
Low Volatility Bond ETF (HYLV), the first high yield low volatility fixed income ETF, which launched in February of 2017.
For more information about CSML, please visit IQetfs.com.
About IndexIQ
IndexIQ is a pioneer and leading provider of innovative investment solutions focused on absolute return, real assets,
international and fixed income strategies. IndexIQ's solutions are offered as ETFs, mutual funds, separately managed accounts,
and ETF model portfolios. The company's philosophy is to democratize investment management by providing all investors with
cost-effective access to the types of high-quality, sophisticated investment products that typically have been reserved for
institutional and ultra high-net-worth investors. IndexIQ's mission is to take indexing to the next level by combining the best
attributes of both passive and active investing, and make strategies available to investors in low cost, liquid, and transparent
products. IndexIQ is an indirect, wholly-owned subsidiary of New York Life Insurance Company. Additional information about
IndexIQ and its products can be found at IQetfs.com.
About Chaikin Analytics, LLC
Marc Chaikin created Chaikin Analytics to put the power of proven stock research tools and analytics in
the hands of professional and individual investors and traders. A Wall Street analyst, stock broker and options expert for 50
years, Chaikin created the Chaikin Power Gauge, a proven 20-factor model that uniquely combines fundamental,
technical and sentiment factors to provide alpha. With the Chaikin Power Gauge stock rating model as its centerpiece, Chaikin
Analytics offers powerful decision-making tools in an easy-to-use desktop and iPad application. Chaikin also created three
technical trading indicators, the widely-used Chaikin Oscillator, the Chaikin Accumulation/Distribution Indicator and the Chaikin
Persistency of Money Flow. Chaikin's indicators are industry standards, found on most trading platforms in the world.
He also pioneered the first real-time analytics workstation for institutional money managers and trading desks, now part of
Thomson Reuters' institutional workstation. For more information on Chaikin Analytics, LLC please visit www.chaikinanalytics.com.
Nasdaq®, NASDAQ Chaikin Power U.S. Small Cap Index, are registered trademarks of Nasdaq, Inc. (which with its affiliates is
referred to as the "Corporations") and are licensed for use by IndexIQ. The Product(s) have not been passed on by the
Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations.
THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).
Chaikin, Chaikin Analytics, and Chaikin Power Gauge are registered trademarks of service marks of Chaikin Analytics LLC and
Chaikin Investments LLC; used under license.
Consider the Fund's investment objectives, risks, and charges and expenses carefully before investing. The prospectus and
the statement of additional information include this and other relevant information about the Fund and are available by visiting
IQetfs.com or calling 1-888-474- 7725. Read the prospectus carefully before investing.
MainStay Investments® is a registered service mark and name under which New York Life Investment Management LLC does business.
MainStay Investments, an indirect subsidiary of New York Life Insurance Company, New York, NY
10010, provides investment advisory products and services. IndexIQ® is an indirect wholly owned subsidiary of New York Life
Investment Management Holdings LLC. ALPS Distributors, Inc. (ALPS) is the principal underwriter of the ETFs. NYLIFE Distributors
LLC is a distributor of the ETFs and the principal underwriter of the IQ Multi-Strategy Plus Fund. NYLIFE Distributors LLC is
located at 30 Hudson Street, Jersey City, NJ 07302. ALPS Distributors, Inc. is not affiliated
with NYLIFE Distributors LLC. NYLIFE Distributors LLC is a Member FINRA/SIPC. Marc Chaikin
and Chaikin Analytics are not affiliated with New York Life Investment Management LLC.
1 Validated by Nasdaq: The Chaikin portfolios, powered by the Power Gauge Rating, have outperformed their
benchmarks since inception in April, 2014.
2 Benzinga Fintech Awards, May 11, 2017.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/indexiq-launches-the-iq-chaikin-us-small-cap-etf-csml-300458405.html
SOURCE IndexIQ