RYE BROOK, N.Y.--(BUSINESS WIRE)--IndexIQ, a leading developer of index-based alternative investment solutions, today announced it plans to close the IQ Emerging Markets Mid Cap ETF (NYSE Arca: EMER). Assets in EMER represent less than 0.5% of IndexIQ’s ETF assets.
The Board of Trustees of the IndexIQ ETF Trust approved the closures on December 3, 2012. The final day of trading on the NYSE Arca will be December 18, 2012. Between the final day of trading and the liquidation date, shareholders may only be able to sell their shares to certain broker-dealers and there is no assurance that there will be a market for the fund during that time period. Shareholders who do not sell their fund shares by this date will have their shares automatically redeemed on December 28, 2012, the fund’s last day of operations.
Fund shareholders holding shares in the Fund as of the liquidation date of December 28, 2012 will receive a cash distribution equal to the net asset value of their shares as of that date, inclusive of remaining income and capital gains. Shareholders remaining on December 28, 2012 will not incur transaction fees in connection with the liquidation of their shares. Other costs of closing the funds will be borne by the IndexIQ Advisors LLC. Additional information about the Fund is available at www.IndexIQ.com.
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. 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.
There are risks involved with investing including the possible loss of principal. Consider the Funds’ investment objectives, risks, charges and expenses carefully before investing. A prospectus with this and other information about the Funds may be obtained by visiting www.indexiq.com or by calling (888) 934-0777. Read the prospectus carefully before investing.
IndexIQ ETFs and mutual funds are distributed by ALPS Distributors, Inc., which is not affiliated with IndexIQ.
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