NEW YORK--(BUSINESS WIRE)--IndexIQ today announced the launch of its newest ETF, the IQ CBRE Real Assets ETF (ticker: IQRA), a fully transparent, actively managed fund sub-advised by CBRE Investment Management Listed Real Assets LLC (“CBRE IM”).
IQRA seeks to provide total return, through capital growth and current income through a diversified portfolio of core real assets securities. IQRA leverages CBRE IM’s Global Listed Real Assets Investment Team, which will seek to add value through active positioning at the sector and stock level. The portfolio will seek to invest in global real estate and infrastructure common equity securities that provide exposure to essential assets across traditional and next-generation sectors that may benefit from secular and cyclical investment themes with regulated or contractual cash flows, a history of stable income growth, and may provide a hedge against persistent inflation. IQRA’s lead portfolio managers are Joseph Smith, Jeremy Anagnos, Jonathan Miniman and Daniel Foley, who have on average almost 25 years years of real estate and infrastructure portfolio management experience.
Joseph Smith, CIO-Listed Strategies for CBRE Investment Management, said:
“We are excited to partner with Index IQ to deliver this actively managed ETF that leverages the full research and investment resources of CBRE IM. We believe that the essential nature of the assets will underpin the potential for reliable and predictable growth of company earnings and dividends and a compelling opportunity for competitive risk-adjusted returns over the long term.”
Sal Bruno, CIO of IndexIQ said:
“Real assets, such as real estate and infrastructure, can play a meaningful role in portfolios, particularly in an environment with rising rates, continued volatility, and inflation. We are very excited to be introducing an active approach to this key sector in partnership with the seasoned Global Listed Real Assets Investment Team at CBRE IM and as part of our ongoing commitment to bringing investors and advisors highly differentiated solutions they need to build resilient portfolios. We believe IQRA offers a compelling, dynamic, risk-managed approach to asset allocation and for attractive income generation potential.”
IQRA is the latest expansion of IndexIQ’s solutions-driven lineup of actively managed and real assets-focused offerings, and builds on its partnership with CBRE IM, the index construction consultant for the IQ CBRE NextGen Real Estate ETF (ROOF).
For more information on the fund and on IndexIQ’s full suite of ETF offerings, as well as insights and commentary on inflation and the current market environment, please visit our website here.
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 $9.3 billion in assets under management as of March 31, 2023, 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, ESG components and specialty asset classes. For additional information on IndexIQ, visit https://www.newyorklifeinvestments.com/etf or follow us on Twitter or LinkedIn.
About CBRE Investment Management
CBRE Investment Management Listed Real Assets LLC is the listed real assets arm of CBRE Investment Management, a leading global real assets investment management firm, with $148.9 billion in assets under management* as of March 31, 2023, operating in more than 30 offices and 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.
CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world's largest commercial real estate services and investment firm (based on 2022 revenue). CBRE has approximately 115,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE's data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.
*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management's presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.
As with all investments, there are certain risks of investing in the Fund. The Fund’s Shares will change in value and you could lose money by investing in the Fund.
The Fund is a new fund. As a new fund, there can be no assurance that it will grow to or maintain an economically viable size, in which case it could ultimately liquidate.
An investment in companies that invest in real estate (including REITs) exposes the Fund to the risks of the real estate market and the risks associated with the ownership of real estate. Real estate is generally a less liquid asset class and companies that hold real estate may not be able to liquidate or modify their holdings quickly in response to changes in economic or other market conditions.
Investments in infrastructure companies expose the Fund to potential adverse economic, regulatory, political, legal, and other changes affecting such investments. Issuers of securities in infrastructure-related businesses are subject to a variety of factors that may adversely affect their business or operations.
Investments in the securities of non-U.S. issuers involve risks beyond those associated with investments in U.S. securities. These additional risks include greater market volatility, the availability of less reliable financial information, higher transactional and custody costs, taxation by foreign governments, decreased market liquidity and political instability. Foreign issuers are often subject to less stringent requirements regarding accounting, auditing, financial reporting and record keeping than are U.S. issuers, and therefore not all material information will be available.
Emerging market countries are subject to greater market volatility, lower trading volume, political and economic instability, uncertainty regarding the existence of trading markets, rapid inflation, possible repatriation of investment income and capital, currency convertibility issues, less uniform accounting standards and more governmental limitations on foreign investment than more developed markets.
The fund may consider certain Environmental, Social and Governance (ESG) criteria when evaluating an investment opportunity. The application of ESG criteria may result in the Fund having exposure to certain securities or industry sectors that are significantly different than the composition of the Fund’s benchmark and performing differently than other funds and strategies in its peer group that do not take into account ESG criteria or the Fund’s benchmark. There can be no guarantee that the Fund will meet its investment objective(s). There is no assurance that employing ESG strategies will result in more favorable investment performance.
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. Read the prospectus carefully before investing.
“New York Life Investments” is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company. CBRE Investment Management Listed Real Assets LLC is not affiliated with New York Life Investment Management.
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. 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. NYLIFE Distributors LLC is a Member FINRA/SIPC.
“New York Life Investments” is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company.