IndexIQ Joins With Nasdaq Dorsey Wright to Launch First Liquid Alternative ETF Model

NEW YORK--()--IndexIQ today announced that it is collaborating with Nasdaq Dorsey Wright to launch the IQ Alternative Allocation Model, the first liquid alternative model on its platform.

We are delighted to partner with Nasdaq Dorsey Wright to leverage their unparalleled methodology alongside our established expertise in liquid alternative ETFs to offer advisors and their clients lower-cost, innovative hedge fund strategies in a unique investment model,” said Jon Zimmerman, Chief Operating Officer at IndexIQ.

The IQ Alternative Allocation Model is designed to provide advisors with an absolute return strategy built around IndexIQ’s industry-leading suite of liquid alternative ETFs. The model will rebalance monthly and will be comprised of two equal weights from the IndexIQ suite, including:

Fund Name

Ticker Symbol

IQ Merger Arbitrage ETF

MNA

IQ Hedge Long/Short ETF

QLS

IQ Hedge Event-Driven Tracker ETF

QED

IQ Hedge Market Neutral Tracker ETF

QMN

IQ Hedge Macro Tracker ETF

MCRO

IQ Real Return ETF

CPI

Additionally, IndexIQ recently reduced the net expense ratios1 on four of the funds included in the model—QLS, QED, MCRO and QMN—by 35bps each via a management fee waiver.

Ticker

Gross Expense Ratio

Current Net Expense Ratio

QLS

1.02%

0.67%

QED

1.13%

0.78%

MCRO

1.04%

0.69%

QMN

1.02%

0.67%

"IndexIQ’s suite of liquid alternatives ETFs offers advisors access to nontraditional and differentiated strategies, which can be especially valuable for advisors in today’s market,” said Jay Gragnani, Head of Research and Client Engagement with Nasdaq Dorsey Wright. “Our work with IndexIQ gives investors access to a uniquely designed liquid alternative ETF model as they look to build diversified investment portfolios."

The IQ Alternative Allocation Model will be available to financial advisors and registered investment advisors who subscribe to Nasdaq Dorsey Wright’s platform and will not assess an overlay fee.

About IndexIQ

IndexIQ, a New York Life Investments Company, is a global provider of exchange-traded funds (ETFs), with a decade of offering highly differentiated and innovative long-term solutions to retail and institutional investors. With assets under management of $4 billion as of June 30, 2019, IndexIQ leverages the first-class asset management capabilities of New York Life Investments’ multi-boutique platform into its suite of offerings which include: fixed income, equities, alternatives and specialty asset classes. For additional information on IndexIQ, visit IQetfs.com | Twitter | LinkedIn

About Nasdaq Dorsey Wright

Nasdaq Dorsey Wright (“Dorsey Wright”) is a registered investment advisory firm based in Richmond, Virginia. Since 1987, Dorsey Wright has been an advisor to financial professionals on Wall Street and investment managers worldwide. Dorsey Wright offers comprehensive investment research and analysis through their Global Technical Research Platform and provides research, modeling and indexes, which apply Dorsey Wright’s expertise in Point & Figure Relative Strength for use in various financial products, including exchange trade funds and notes, mutual funds, UITs, structured products and separately managed accounts. In 2015, Dorsey Wright was acquired by Nasdaq, Inc. (“Nasdaq”), allowing Dorsey Wright to work towards even greater innovative solutions for its clients. As a single company, Nasdaq is one of the largest providers of Smart Beta indexes with over $50 billion in assets tracking Nasdaq Smart Beta indexes.

All investments are subject to risk and will fluctuate in value.

Consider the Funds' investment objectives, risks, charges and expenses carefully before investing. The prospectus and the statement of additional information include this and other relevant information about the Funds and are available by visiting IQetfs.com or calling (888) 474-7725. Read the prospectus carefully before investing.

IndexIQ® is an indirect wholly owned subsidiary of New York Life Investment Management Holdings LLC and serves as the advisor to the IndexIQ ETFs. ALPS Distributors, Inc. (ALPS) is the principal underwriter of the ETFs, and NYLIFE Distributors LLC is a distributor of the ETFs. NYLIFE Distributors LLC is located at 30 Hudson Street, Jersey City, NJ 07302. ALPS Distributors, Inc. is not affiliated with NYLIFE Distributors LLC. “New York Life Investments” is both a service mark, and the common trade name, of the investment advisors affiliated with New York Life Insurance Company.

1 IndexIQ Advisors LLC (the “Advisor”) has contractually agreed, until August 31, 2020, to waive a portion of the management fee equal to 0.35% of average daily net assets.

Contacts

For additional information about IndexIQ:

Netanel Spero
New York Life Insurance
(212) 576-3814
netanel_d_spero@newyorklife.com

Chris Sullivan/Julia Stoll
MacMillan Communications
(212) 473-4442
chris@macmillancom.com

Release Summary

IndexIQ has announced it is collaborating with Nasdaq Dorsey Wright to launch the IQ Alternative Allocation Model

Contacts

For additional information about IndexIQ:

Netanel Spero
New York Life Insurance
(212) 576-3814
netanel_d_spero@newyorklife.com

Chris Sullivan/Julia Stoll
MacMillan Communications
(212) 473-4442
chris@macmillancom.com