IndexIQ Files To Market First Active ETFs
August 23, 2012
IndexIQ, the Rye Brook, N.Y.-based ETF firm known in part for its indexed hedge fund replication strategies, filed regulatory paperwork with the Securities and Exchange Commission to market its first active ETFs, seven of them bearish funds.
The filing, detailing nine ETFs in all, marks the first time the company has entered into the realm of actively managed funds. While many industry sources say that active funds are the next chapter of ETF industry development, total assets in active strategies amount to less than 1 percent of the more than $1.2 trillion in total assets.
The funds detailed in the company’s registration were as follows:
The company didn’t disclose ticker symbols or proposed annual expense ratios in the filing with the Securities and Exchange Commission, which was dated Aug. 21.