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IndexIQ Hedge Fund Indexes decline in October

Thursday, November 17, 2016
Opalesque Industry Update - IndexIQ, a provider of innovative investment solutions, announced the October performance of its family of IQ Hedge Indexes and the updated holdings in the firm's IQ Merger Arbitrage ETF.

All six indexes showed negative returns in the period, reflecting a generally down month for the markets. The IQ Hedge Global Macro Index was the top performer, dropping -0.57 percent. The IQ Hedge Long/Short Index fell -1.97 percent, while the IQ Merger Arbitrage Index declined -1.01 percent, in spite of continued strong M&A activity.

"Election induced volatility and the expectation of a December increase in the Federal Funds rate weighed on the market in October, resulting in a decline for most of the major indexes," said Salvatore Bruno, IndexIQ's Chief Investment Officer. "There weren't a lot of places to hide during the month."

Designed as investable benchmarks that replicate the performance characteristics of sophisticated hedge fund strategies, the IQ Hedge Indexes comprise the first family of investable benchmark indexes covering hedge fund replication/alternative beta strategies.

IndexIQ is a pioneer and leading provider of innovative investment solutions focused on absolute return, real assets, international and fixed income strategies. IndexIQ's solutions are offered as ETFs, mutual funds, separately managed accounts, and ETF model portfolios. The company's philosophy is to democratize investment management by providing all investors with cost-effective access to the types of high-quality, sophisticated investment products that typically have been reserved for institutional and ultra high-net-worth investors. IndexIQ's mission is to take indexing to the next level by combining the best attributes of both passive and active investing, and make strategies available to investors in low cost, liquid, and transparent products. IndexIQ is an indirect, wholly-owned subsidiary of New York Life Insurance Company.

(press release)

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