This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

IndexIQ’s IQ Hedge Macro Tracker ETF (MCRO) Marks Its Fifth Anniversary

One of the Exchange-Traded Funds (ETFs) in IndexIQ’s industry-leading hedge fund replication product family, the IQ Hedge Macro Tracker ETF (NYSE Arca: MCRO), is today celebrating its fifth anniversary, the firm has announced. MCRO was the first ETF to provide exposure to the risk-adjusted characteristics of the universe of hedge funds pursuing a macro strategy.

“We designed MCRO to be a low volatility vehicle offering investors downside mitigation during market declines while also allowing them to remain exposed to global equities,” said Adam Patti, chief executive officer at IndexIQ. “It’s a strategy that we thought was highly relevant when we introduced the fund and that is even more relevant today, with markets setting new highs. We’re very pleased to be marking MCRO’s fifth anniversary.”

MCRO seeks to replicate, before fees and expenses, the performance of the IQ Hedge Macro Index, part of the firm’s innovative IQ Hedge family of investable benchmark hedge fund replication and alternative beta indexes. The index, which now has close to six years of live track record, attempts to replicate the risk-adjusted return characteristics of the universe of hedge funds pursuing a global macro strategy, which can often include international and Emerging Markets components, exposures which the index includes.

“The liquid alternatives product category continues to build momentum among investors of all types, including institutions, advisors and the retail community, and we’re very proud to have been in the space from the start,” added Patti. “Our family of hedge fund replication products has grown over the past several years to include a mutual fund, separate accounts and managed ETF portfolios in addition to our standalone ETF offerings, and we look forward to continuing to bring innovative solutions to market.”

In addition to MCRO, IndexIQ has a number of other offerings focused on the liquid alternatives space, including IQ Alpha Hedge Strategy Fund (IQHIX – Institutional Share Class; IQHOX – Investor Share Class), the first open-end, no-load hedge fund replication mutual fund; IQ Hedge Multi-Strategy Tracker ETF (NYSE Arca: QAI), the first and largest hedge fund-style ETF, which recently passed the $750 million assets under management mark; IQ Hedge Market Neutral Tracker ETF (NYSE Arca: QMN), the first market neutral hedge fund style ETF; and IQ Merger Arbitrage ETF (NYSE Arca: MNA), the first merger arbitrage ETF.

In addition to the products referenced above, other IndexIQ funds include:
  • IQ Real Return ETF (NYSE Arca: CPI), the first US-listed “real return” ETF, which seeks to generate a real return above the rate of inflation as measured by changes in the Consumer Price Index;
  • IQ US Real Estate Small Cap ETF (NYSE Arca: ROOF), the first US Real Estate Small Cap ETF;
  • IQ Global Resources ETF (NYSE Arca: GRES), the broadest commodity equity ETF in the market;
  • IQ Global Agribusiness Small Cap ETF (NYSE Arca: CROP), the first agribusiness small-cap ETF;
  • IQ Global Oil Small Cap ETF (NYSE Arca: IOIL), the first small-cap global oil equity ETF;
  • IQ Canada Small Cap ETF (NYSE Arca: CNDA), the only ETF to target the small-cap segment of the resource-rich Canadian marketplace; and
  • IQ Australia Small Cap ETF (NYSE Arca: KROO), the only ETF to focus on the small-cap spectrum of the Australian marketplace, another resource-driven economy where pure play exposure to factors “on the ground” can be an important component of an investment strategy.

About IndexIQ

IndexIQ is a leading issuer of index-based liquid alternative solutions focused on absolute return, real asset and international strategies. IndexIQ solutions are offered as ETFs, Mutual Funds, Separate Accounts and Model Portfolios. IndexIQ’s philosophy is to democratize investment management by making innovative alternative investment strategies available to investors in low cost, liquid and transparent products.* IndexIQ strategies are marketed through the company’s proprietary investment products and select partnerships with leading global financial institutions. Additional information about the company and its products can be found at www.IndexIQ.com.

*IndexIQ’s ETF holdings are available daily on IndexIQ’s website. Brokerage commissions apply to ETFs. ETFs are liquid in that they are exchange-traded.

Index performance does not reflect charges and expenses associated with the Funds or brokerage commissions associated with buying and selling ETF shares. One cannot invest directly in an index.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs