The IQ Hedge Multi-Strategy Tracker ETF (NYSE Arca: QAI), the first U.S.-listed hedge fund replication Exchange-Traded Fund, celebrated its three-year anniversary on March 25, 2012, the fund’s sponsor, IndexIQ, has announced.
“We launched the IQ Hedge Multi-Strategy Tracker ETF in 2009 with the goal of making a whole new asset class available to the average investor,” said Adam Patti, CEO of IndexIQ. “Before the launch of QAI, hedge fund investing was generally limited to institutions and high net worth individuals. QAI changed all of that. While the concept was novel at the time, QAI has performed as we anticipated over the past three years and has attracted more than $200 million in assets.”
QAI is designed to give investors and their financial advisors access to institutional quality investment strategies in a low cost, fully transparent, and highly liquid vehicle. It seeks to replicate, before fees and expenses, the returns of the IQ® Hedge Multi-Strategy Index. The Index uses multiple hedge fund investment styles, including long/short equity, global macro, market neutral, event-driven, fixed income arbitrage, and emerging markets.
Since its launch, QAI has weathered a period of dramatic stock market volatility, providing annualized returns and standard deviation as of QAI’s 3-year anniversary date as follows:
|As of March 26, 2012||As of December 31, 2011|
|1 Month||3 Month||YTD||1 Year||Since Fund Inception* (3-Year)||Since Index Inception*||1 Year||Since Fund Inception*||Since Index Inception*||Inception Date|
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