The IndexIQ Global Resources ETF (GRES), the first global resources hedged Exchange-Traded Fund, has received a 5-Star Overall Morningstar Rating TM and a 5-Star Three-Year Morningstar Rating TM as of November 30, 2012 out of 22 funds in the Natural Resources category, it was announced today.
Introduced on October 27, 2009, GRES is the broadest commodities and natural resources ETF, including: livestock; precious metals; grains, food and fiber; energy; industrial metals; plus timber, water, and coal. It is based on an index with over five years of live history, designed to reweight its allocations to individual commodity sectors monthly. The fund is diversified both geographically and by sector. We believe GRES offers a unique and market proven methodology and has been among the highest performing ETFs in the commodities and natural resources category during its more than three years of live history, as well as exhibiting among the lowest levels of volatility in its category.
“The last three years have seen tremendous growth in demand for commodities worldwide,” said Adam S. Patti, chief executive officer at IndexIQ. “GRES was introduced into this market to help investors achieve broad exposure to this asset class through a single ETF with a globally diversified portfolio of holdings. The fund offers wide ranging commodities exposure in tandem with the benefits of an Exchange-Traded Fund – liquidity, transparency, and low cost when compared to traditional commodities-oriented hedge fund vehicles.”
As of September 30, 2012, weightings in the fund included Grains, Food & Fiber (27.3 percent): Timber and Livestock (approximately 22 percent each); Industrial Metals (19.4 percent); Water (9.52 percent); Coal (18.71 percent); Precious Metals (3.43 percent); and Energy (3.08 percent). The fund had an Equity Market Hedge (short) position of -25.77 percent as of that date.
As of November 30, 2012, the Fund has performed as follows:| As of November 30, 2012 | As of September 30, 2012 | ||||||||||||||||||||
| 1 Month | 3 Month | YTD | 1 Year | 3 Year | Since Fund Inception* | Since Index Inception* | 1 Year | Since Fund Inception* | Since Index Inception* | Inception Date | |||||||||||
| GRES | 10/27/2009 | ||||||||||||||||||||
| Share Price | 1.37% | 6.95% | 5.92% | 2.11% | 6.47% | 6.74% | 6.99% | 5.51% | |||||||||||||
| NAV | 1.57% | 6.94% | 5.95% | 3.01% | 6.51% | 6.81% | 6.83% | 5.77% | |||||||||||||
| Index - IQGREST | 1.52% | 7.12% | 7.50% | 4.56% | 7.59% | 7.99% | 2.31% | 9.15% | 7.06% | 1.60% | 10/31/2007 | ||||||||||
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