The leading developer of liquid alternative investment products, IndexIQ, launched two new ETFs Tuesday. The IQ Hedge Long/Short Tracker ETF (NYSE: QLS) and the IQ Hedge Event-Driven Tracker ETF (NYSE: QED), are the fifth and sixth additions to IndexIQ's hedge fund replication product portfolio.
Hedge Fund Replication Product Portfolio
With the addition of the two new ETFs, IndexIQ has covered the four major hedge fund categories (equity hedge or long/short, event-driven, market neutral and global macro).
The new ETFs aim to provide investment results similar to that of a hedge fund; however, they offer high liquidity. This is a luxury that is not usually afforded in the alternative investment world, as investors' money is typically locked up for a period of time.
Both ETFs ...
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