IndexIQ Lists IQ Hedge Macro Tracker ETF
NEW YORK, June 9, 2009 –- NYSE Euronext (NYX) announced that its wholly-owned subsidiary, NYSE Arca, today began trading the IQ Hedge Macro Tracker ETF under the ticker symbol “MCRO .” The ETF is sponsored by IndexIQ Advisors LLC.
The IQ Hedge Macro Tracker ETF is the second product by IndexIQ Advisors to list on NYSE Arca.
On March 25, IndexIQ listed its IQ Hedge Multi-Strategy Tracker ETF (NYSE Arca: QAI), the first hedge fund replication ETF in the U.S.
The Fund's stated investment objective is to seek investment results that correspond (before fees and
expenses) generally to the price and yield performance of its Underlying Index, the IQ Hedge Macro Index, developed by IndexIQ. The investment objective is not fundamental and may be changed without shareholder approval.
The Fund’s underlying index’s objective is to replicate the risk-adjusted return characteristics of hedge funds employing a macro strategy (the “Strategy”). The Underlying Index has a particular focus on emerging markets. Hedge funds that engage in the Strategy often use top-down macro analysis (e.g., political trends, macro economics, etc.) to identify dislocations in equity, fixed-income, currency and commodity markets that are expected to lead to large price movements.
The Underlying Index Components of this Strategy generally provide exposures to:
• U.S. small-cap equity;
• Emerging market equity, debt and sovereign debt;
• U.S. and foreign investment grade debt;
• U.S. government short- and intermediate-term maturity obligations;
• Foreign sovereign debt;
• Foreign currencies and currency futures;
• Real estate investment trusts; and
The fund’s prospectus and other fund information are available at: www.indexiq.com.
About IndexIQ Advisors:
Based in Rye Brook, New York, IndexIQ is a leading developer of index-based alternative
investment solutions that combine the benefits of traditional index investing with the risk-adjusted return potential sought by the best active managers. The company’s philosophy is to democratize investment management by making institutional class investment strategies
available to investors in low cost, liquid, transparent and tax-efficient 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.
Background on Exchange Traded Products (ETPs) on NYSE Euronext
NYSE Euronext operates the world's largest Exchange Traded Products marketplace, and is the leading venue for Exchange Traded Funds (ETFs), Exchange Traded Notes (ETNs), Exchange Traded Vehicles (ETVs) and Warrants and Certificates trading. NYSE Euronext's offering of these products provides investors access to regulated listings as well as fast and innovative trading tools to access liquidity. NYSE Arca, NYSE Euronext's US market for ETFs, has 666 primary ETF and 46 primary ETV listings. Additionally, NYSE Arca lists 85 ETNs, 224 Certificates, while trading all other eligible ETPs on an Unlisted Trading Privileges basis. On its European markets, NYSE Euronext has 382 primary ETFs, 74 ETV listings, 4 ETN and lists a total of 12,293 Warrants and Certificates as of the end of April 2009.
About NYSE Euronext
NYSE Euronext (NYX) is the world’s most diverse exchange group, offering a broad and growing array of financial products and services in Europe and the United States that include cash equities, futures, options, exchange-traded products, bonds, market data, and commercial technology solutions. With over 8,000 listed issues globally, NYSE Euronext's equities markets -- the New York Stock Exchange, Euronext, NYSE Arca, and NYSE Amex -- represent nearly 40% of the world's cash equities trading volume, the most liquidity of any global
exchange group. NYSE Euronext also operates NYSE Liffe, the leading European derivatives business and the world’s second largest derivatives business by value of trading. NYSE Euronext offers comprehensive global commercial technology, connectivity, and market data products and services through its innovative trading solutions unit, NYSE Technologies. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information, please visit: www.nyx.com.
Cautionary Note Regarding Forward-Looking Statements
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