With continued worries over budget crises in the “PIIGS” (Portugal, Italy, Ireland, Greece, and Spain) and their rapidly deteriorating fiscal conditions, the future of the euro zone’s common currency has been called into question. Most of attention has focused on Greece, where double digit budget deficits threaten to grind the government to a halt and spread throughout the region. While some are pushing for a Greek bailout, others worry about the signal this action might send to other troubled economies across the Mediterranean. Greece’s richer counterparts certainly aren’t happy about the idea of a bailout, especially in Germany where in a recent poll 53% demanded that Greece be thrown out of the euro zone if they can’t solve their problems without outside funding. [click to continue…]
Credit Suisse, one of the world’s largest financial services providers, announced Monday the launch of the Credit Suisse Long/Short Liquid Index (Net) ETN (CSLS), a product designed to correlate to the performance of the Credit Suisse Tremont Long/Short Equity Hedge Fund Index. But the new ETN achieves hedge fund-like exposure in a unique manner. The index to which CSLS is actually linked, the Credit Suisse Long/Short Liquid Index, is designed to reflect the return of a basket of 18 liquid, investable market factors. These factors are then selected and weighted monthly in accordance with an algorithm that aims to track the performance of the Credit Suisse/Tremont Long/Short Equity Hedge Fund Index. [click to continue…]
Last year saw more than 100 new product launches, ranging from plain vanilla equity and bond funds to ETFs offering exposure to exotic new investment strategies and asset classes previously available only to a limited slice of the investing community. The innovation that has made ETFs a popular alternative to mutual funds seems ready to [...]
Whenever a company prepares for a public offering, executives have been known to spend an inordinate amount of time choosing the combination of letters that will serve as the company’s ticker and often nickname within the investment community. To many, the fixation on selecting the perfect ticker seems like an irrational obsession on par with [...]
IndexIQ, the Rye Brook, New York-based issuer who burst on to the scene with the launch of the first hedge fund ETFs in 2009, announced this week that it would make zero capital gains distributions for all five of its funds. IndexIQ has found a sizable market for its hedge fund replication ETFs (QAI has [...]
IndexIQ, the ETF issuer behind the first hedge fund ETFs, has brought its fifth exchange-traded product to market, the IQ ARB Merger Arbitrage ETF. The fund began trading Tuesday on the NYSE Arca Exchange under the clever ticker MNA. The new ETF will track the IQ ARB Merger Arbitrage Index, a benchmark that includes global [...]
IndexIQ, the New York-based developer of alternative indexes and exchange-traded funds, has taken the first step towards launching a 130/30 ETF, filing a 40-APP application with the SEC earlier this week. IndexIQ currently maintains the IQ 130/30 Index, a rules-based benchmark that employs fundamental factors to select U.S. stocks with a long exposure of 130% [...]
IndexIQ, a pioneer in the area of hedge fund and inflation hedge ETFs, is preparing to launch another fund, the IQ ARB Merger Arbitrage ETF. The fund is scheduled to begin trading later this month under the clever ticker MNA. The proposed ETF will track the IQ ARB Merger Arbitrage Index, a strategy that involves [...]
