New products and changes introduced over the last week include two ETFs from IndexIQ and a long-short hedge fund from Coral Gables Asset Management.
Also, Highland Capital Management has launched an alternative investment platform.
Here are the latest developments of interest to advisors:
1) IndexIQ Launches Two ETFs
IndexIQ has announced the launch of the IQ Hedge Long/Short Tracker ETF (QLS) and the IQ Hedge Event-Driven Tracker ETF (QED).
QLS attempts to replicate, before fees and expenses, the risk-adjusted return characteristics of the IQ Hedge Long/Short Index, which seeks to mirror the collective returns of hedge funds using a long/short equity investment style.
QED seeks to replicate, before fees and expenses, the risk-adjusted return characteristics of the IQ Hedge Event-Driven Index, which is intended to capture the collective returns of hedge funds using an event-driven investment style.
