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Alternative Market Briefing

Merger arbitrage, global macro show strong returns in September

Thursday, October 13, 2016

Komfie Manalo, Opalesque Asia:

Innovative investment solutions provider IndexIQ said that merger arbitrage and global macro strategies posted strong returns in September.

In a press statement, IndexIQ said that five of its six indexes were positive in the period, led by the IQ Merger Arbitrage Index, up 1.18% (+4.80% YTD), and the IQ Hedge Global Macro Index which climbed 0.86% (+4.57% YTD). The IQ Hedge Market Neutral posted the lone negative return, declining -0.15% for September (+4.18% YTD).

"With traders returning from summer vacations, volatility picked up, too, as markets confronted a range of economic data and the unfolding U.S. election," said Adam Patti, chief executive officer at IndexIQ. "We expect this to continue at least until after the election, and more likely to the end of the year and into 2017."

Salvatore Bruno, IndexIQ's chief investment officer, added, "The Fed continues to keep its eye on both inflation and the job market. With the Core Consumer Price Index (CPI) up a little over two percent on a trailing 12-month basis and the job market showing strength a Fed tightening by year-end remains a very real possibility."

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