NEW YORK--(BUSINESS WIRE)--IndexIQ, a New York Life Investments Company and a leading provider of innovative investment solutions, today announced the launch of the IQ 500 International ETF (NYSE Arca:IQIN).
IQIN tracks the performance, before fees and expenses, of the IQ 500 International Index, which was developed by IndexIQ and has a live track record dating from 12/31/07. All index components are headquartered outside the U.S. and are made up of common stock, not ADRs. The potential universe of constituent equities is ranked and weighted according to three fundamental factors; Sales, Market Share and Operating Margin.
Salvatore Bruno, Chief Investment Officer of IndexIQ said:
“Market cap weighted indices, although popular, are simplistic, and can deliver a significant drag on a portfolio when a fund’s constituents suffer from price deviation from their fundamental value. IQIN takes a different approach, looking at key fundamental factors and weighting the portfolio based on key metrics of relative strength and market position. The result is a solution that we believe delivers greater diversification across the international equity markets along with the potential to generate better risk-adjusted returns than traditional international investing approaches.”
Added Mark Lacuesta, Director of Index Strategies with IndexIQ, added:
“IQIN is an exciting addition to our international equity suite, which also includes the unique 50 percent currency hedged ETF family we brought to market in 2015. Our well-established research shows that stock selection based on fundamentals could be an important innovation as it decouples the linkage between a stock’s price and the underlying companies’ attributes.”
About IndexIQ
IndexIQ, a New York Life Investments Company, is a global provider of exchange-traded funds (ETFs), with a decade of offering highly differentiated and innovative long-term solutions to retail and institutional investors. Today, with assets under management of $4.1 billion, IndexIQ leverages the first-class asset management capabilities of New York Life Investments’ multi-boutique platform into its suite of offerings which include: fixed income, equities, alternatives and specialty asset classes.
For additional information on IndexIQ, visit IQetfs.com | Twitter | LinkedIn
Before considering an investment in the Fund, you should understand that you could lose money. The performance of the underlying Index and the Fund may deviate from that of the sector the underlying Index seeks to track due to changes that are reflected in the sector more quickly than the annual rebalancing process can track. Securities in the underlying Index or the Fund’s portfolio may also underperform in comparison to the general securities markets. When the Fund invests in foreign markets, it will be subject to risk of loss not typically associated with domestic markets. Loss may result because of less foreign government regulation, less public information and less economic, political and social stability. Loss may also result from the imposition of exchange controls, confiscations and other governmental restrictions.
Investments in equity securities are particularly subject to the risk of changing economic, stock market, industry, and company conditions and the risks inherent in the portfolio managers’ ability to anticipate such changes that can adversely affect the value of the Fund’s holdings. Opportunity for greater gain often comes with greater risk of loss. The Fund is a new fund. As a new fund, there can be no assurance that it will grow to or maintain an economically viable size, in which case it may experience greater tracking error to its underlying Index than it otherwise would at higher asset levels, or it could ultimately liquidate.
The IQ 500 International Index selects and weights securities utilizing a rules-based methodology incorporating three fundamental factors: sales, market share, and operating margin. The top 500 securities, based on the composite rank, are included in the Index.
Consider the Fund’s investment objectives, risks, charges and expenses carefully before investing. The prospectus and the statement of additional information, include this and other relevant information about the Fund are available by visiting nylinvestments.com/etfs or calling 888-474-7725. Read the prospectus carefully before investing.
Fund shares are not individually redeemable and will be issued and redeemed at their NAV only through certain authorized broker-dealers in large, specified blocks of shares called “creation units,” and otherwise, can be bought and sold only through exchange trading. Creation units are issued and redeemed principally in-kind.
New York Life Investments is a service mark and name under which New York Life Investment Management LLC does business. New York Life Investments, an indirect subsidiary of New York Life Insurance Company, located at 51 Madison Avenue, New York, New York 10010, provides investment advisory products and services. IndexIQ® is an indirect, wholly owned subsidiary of New York Life Investment Management Holdings LLC and serves as the advisor to the IndexIQ ETFs. ALPS Distributors, Inc. (ALPS) is the principal underwriter of the ETFs, and NYLIFE Distributors LLC is a distributor of the ETFs. NYLIFE Distributors LLC is located at 30 Hudson Street, Jersey City, NJ 07302. ALPS Distributors, Inc. is not affiliated with NYLIFE Distributors LLC. NYLIFE Distributors LLC is a Member FINRA/SIPC.
