2008-09-13fundaction.com

IndexIQ will launch a series of five ETFs by year's end that track hedge fund strategies. The Hedge Multi-Strategy Composite, Global Macro, Long/Short Equity, Event-Driven and Market Neutral ETFs will track corresponding indexes developed by IndexIQ. Adam Patti, ceo, said the indexes use the same strategies as--but give greater transparency and keep a portfolio more liquid than--a hedge fund.



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