IQ Hedge Multi-Strategy Tracker ETF (QAI) Marks 4-Year Anniversary; First Hedge Fund Style ETF is Also Industry’s Largest Alternative ETF

IndexIQ continues to roll out innovative, next-generation alternative funds

RYE BROOK, N.Y.–(BUSINESS WIRE)– The IQ Hedge Multi-Strategy Tracker ETF (NYSE Arca: QAI), the first hedge fund style ETF and the industry’s largest alternative exchange-traded fund, celebrated its fourth anniversary on March 25th, according to the fund’s sponsor, IndexIQ, a leading developer of index-based alternative investment solutions.¹

“The introduction of QAI in 2009 marked a real turning point in the marketplace,” said Adam Patti, chief executive officer at IndexIQ. “For the first time, investors and their advisors were able to have access to a hedge fund-like strategy in an ETF, with all the advantages that fund structure entails -low costs, high liquidity, and full transparency. This was the first step in our journey towards ‘democratizing’ alternative investing.”

QAI seeks to track, before fees and expenses, the performance of the IQ Hedge Multi-Strategy Index. The Index attempts to replicate the risk-adjusted return characteristics of hedge funds using various hedge fund investment styles, including long/short equity, global macro, market neutral, event-driven, fixed income arbitrage and emerging markets.

In the four years since its launch, QAI has gathered over $350 million in assets, more than any other single liquid alternative ETF. IndexIQ has followed up on this success by launching several additional liquid alternative ETFs, including IQ Hedge Macro Tracker ETF(NYSE Arca: MCRO), the first Global Macro/Emerging Markets hedge fund replication ETF; IQ Merger Arbitrage ETF (NYSE Arca: MNA), the first merger arbitrage ETF; IQ Global Resources ETF (NYSE Arca: GRES), the first hedged global natural resources ETF; and IQ Hedge Market Neutral Tracker (NYSE Arca: QMN), designed to provide Market Neutral hedge fund exposure.

The IQ Hedge Indexes are used as the basis for investment products worldwide, and as benchmarks for advisors to determine how well actively managed hedge funds and alternative mutual funds are performing. The indexes underlie a variety of investment products including in addition to ETFs, including mutual funds, separately managed accounts, model portfolios, and institutional accounts.

In addition to the alternative products, other IndexIQ funds include:

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