NEW YORK--(BUSINESS WIRE)--IndexIQ, a New York Life Investments company and a leading provider of innovative investment solutions, today announced the launch of two new ETFs – the IQ Candriam ESG US Equity ETF (Ticker: IQSU | Management Fees: 9 bps) and the IQ Candriam ESG International Equity ETF (Ticker: IQSI | Management Fees: 15 bps). The ETFs track indexes which offer broad market exposure to large- and medium-cap companies that satisfy environmental, social, and governance (ESG) criteria developed by CANDRIAM, a fellow New York Life Investments boutique, and global multi-specialist asset manager with over 20 years of expertise in sustainable investing.
CANDRIAM, which stands for Conviction and Responsibility in Asset Management, has pioneered an award-winning approach1 to sustainable investing since its inception, launching its first sustainable investing funds in 1996 and becoming an early signatory of the U.N. Principles for Responsible Investment (PRI) in 2006.2 CANDRIAM’s proprietary ESG evaluation process includes a dedicated ESG research team, which reviews companies on environmental, social and governance considerations, either in absolute terms or relative to their peers in each sector, focusing on the most material ESG factors. This research is supported by a team that engages with companies as part of collective initiatives or individually, with the aim to improve corporate disclosure on ESG topics or foster better corporate practices on ESG matters. Using the research as a key input, CANDRIAM applies sustainable investing criteria across the firm.
“As U.S. investors become increasingly interested in sustainable investing, high-quality ESG strategies with the potential to generate alpha are at a premium,” said David Czupryna, Head of ESG Client Portfolio Management at CANDRIAM. “We are excited to expand our existing partnership with IndexIQ with IQSU and IQSI, which incorporate CANDRIAM’s award-winning ESG criteria to meet the needs of American investors.”
The new funds track the two IndexIQ indexes: IQ Candriam ESG US Equity Index and the IQ Candriam ESG International Equity Index.
“We are thrilled to incorporate CANDRIAM’s ESG criteria in our U.S. ETFs for the first time,” added Sal Bruno, Chief Investment Officer at IndexIQ. “Partnering with CANDRIAM enables us to provide core ESG products that leverage their award-winning ESG research and data while offering broad market exposure, without forgoing any sectors, in a cost-effective and tax-sensitive way. We believe this diversification as well as the competitive fee levels will be valuable to our clients, allowing us to meet their return objectives while offering investment strategies that align with their values.”
CANDRIAM is a global multi-specialist asset manager and a recognized pioneer in sustainable investing. CANDRIAM manages about $143 billion of assets under supervision3 as of the end of June 2019 with a team of more than 500 professionals. It operates management offices in Luxembourg, Brussels, Paris, and London, and has client representatives in more than 20 countries throughout continental Europe, the United Kingdom, the United States and the Middle East. CANDRIAM offers innovative and diversified investment solutions in bonds, equities, absolute performance strategies and asset allocation.
CANDRIAM is a New York Life Company. New York Life Investments4 ranks among the world's largest asset managers5.
For more information see: www.candriam.com
IndexIQ, a New York Life Investments company, is a provider of exchange-traded funds (ETFs), with a decade of offering highly differentiated and innovative solutions to retail and institutional investors. With $3.6 billion in assets under management as of September 30, 2019, IndexIQ leverages the 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.
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 CANDRIAM has been in the top three preferred ESG managers for European fund selectors for five consecutive years. Source: Broadridge-MackayWilliams FBF50. CANDRIAM also placed third in Hirschel and Kramer (H&K) Responsible Investment Brand Index™ 2019. Past performance does not guarantee or indicate future results.
2 Not all products and services are available to all investors or in all regions.
3 As of June 30, 2019. AUM is converted from Euro at the spot rate as of this date. Assets under supervision includes approximately $127.31 billion which fall within the U.S. Securities and Exchange Commission's definition of 'regulatory AUM' in Form ADV Part 1A. The remainder consists of other non-discretionary advisory or related services.
4 New York Life Investments is a service mark used by New York Life Investment Management Holdings LLC and its subsidiary New York Life Investment Management LLC. New York Life Investment Management LLC is a wholly-owned indirect subsidiary of New York Life Insurance Company
5 Source: New York Life Investments ranked 34th among the world’s largest money managers within Pensions & Investments, June, 05, 2019. Rankings are based on total worldwide institutional assets under management for the year-end 2018. New York Life Investments assets include assets of affiliated investment advisors.