| The Goldman Sachs Group Inc. is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11 ETFs with $1.2 billion in assets, over 80 percent of those assets are in liquid alt ETFs.
These products use the same complex strategies that many hedge funds do, such as betting on or against futures contracts in commodities or currencies. But unlike with hedge funds, investors can get in and out of the funds daily — hence their name...............................................Full Article: Source
|