IndexIQ Leaps into the Asset Management Business

IndexIQ Advisors have seven investable funds that include hedge fund and exchange-traded fund products.

Fleites will be the president of IndexIQ Advisors. Fleites spent eighteen years with State Street Global Advisors (SSgA), starting as a portfolio manager and then later becoming department head for Asset Allocation Strategies, then head of Exchange-Traded Funds, and finally President of SSgA Funds Management, Inc.

The seven investable funds are derived from two product families HedgeIQ, a series of hedge fund replication solutions, and ETFIQ, a series of exchange-traded fund products, according to a news release.

The Four HedgeIQ strategies include:

• HedgeIQTM Composite:   provides performance characteristics comparable to a fundof hedge fund strategy.
• HedgeIQTM Long Short:   provides performance characteristics comparable to long/shorthedge fund styles.
• HedgeIQTM Market Neutral:provides performance characteristics comparable tomarket neutral hedge fund styles.
• HedgeIQTM Fixed Income Arbitrage:provides performance characteristicscomparable to fixed income arbitrage hedge fund styles.

Three ETFIQ strategies include:

• ETFIQTM – Commodity Rotation:   seeks long-term capital appreciation and lowcorrelation to the broader market through rotating exposure to various commodities ETFs.
• ETFIQTM – Country Rotation All World Ex-US:   seeks long-term capitalappreciation through rotating exposure to the universe of developed and emerging international equity markets, through country ETFs.
• ETFIQTM – Country Rotation Developed Markets Ex-US:seeks long-term capital appreciation through rotating exposure to the universe of developed international equity markets through country ETFs.

Additional information about the company and its products can be found at   www.indexiq.com .