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February Sees Continued Run Of Positive Returns For IndexIQ Hedge Fund Indexes

RYE BROOK, N.Y., March 13, 2017 /PRNewswire/ -- IndexIQ, the leading provider of innovative investment solutions, today announced the February 2017 performance of its family of IQ Hedge™ Indexes and the updated holdings in the firm's IQ Merger Arbitrage ETF (NYSE Arca: MNA).  

All six of the IndexIQ Hedge Indexes were positive for the month, with the IQ Hedge Long/Short Index leading the way, up 2.41%.   This was followed by the IQ Hedge Event Driven Index, which climbed 1.70% in the month, and the IQ Hedge Multi-Strategy Index, up 1.31%.

"The 'Trump rally' continued in February, a rising tide that was widespread across most asset classes, investment styles, and geographies as investors remained optimistic that global growth will accelerate this year, said Salvatore Bruno, IndexIQ's Chief Investment Officer.  "Liquid alternatives participated broadly in this upward movement in the markets."

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.  IQ Hedge Index returns for the period ended February 28, 2017 were as follows:









IQ Hedge Indexes




1 Month

3 Month

YTD

1 Year

3 Year

5 Year


IQ Hedge Multi-Strategy Index

IQHGMS

1.31%

2.56%

1.76%

4.60%

1.75%

2.86%











IQ Hedge Market Neutral Index

IQHGMN

0.42%

1.04%

0.40%

3.18%

1.38%

2.14%











IQ Hedge Global Macro Index

IQHGMA

1.27%

2.52%

2.63%

5.87%

0.04%

-0.17%











IQ Hedge Event Driven Index

IQHGED

1.70%

4.29%

3.43%

11.88%

4.31%

4.76%











IQ Hedge Long/Short Index

IQHGLS

2.41%

5.38%

3.60%

13.28%

3.98%

5.20%











IQ Merger Arbitrage Index

IQMNA

0.91%

2.58%

1.73%

5.14%

4.12%

4.63%


























The latest updates to MNA's holdings, including recent additions and deletions, can be found here:

Additions to the IQ Merger Arbitrage Index

Target

Acquirer

Target

Target

Announce

Added

Name

Name

Sector

Country

Date

Date

Booker Group Plc

Tesco Plc

Consumer Staples

United Kingdom

01/27/2017

03/03/2017

Cynosure, Inc.

Hologic, Inc.

Health Care

United States

02/14/2017

03/03/2017

DigitalGlobe, Inc.

MacDonald, Dettwiler & Associates Ltd.

Industrials

United States

02/24/2017

03/03/2017

FelCor Lodging Trust, Inc.

Ashford Hospitality Trust, Inc.

Real Estate

United States

02/21/2017

03/03/2017

Fortress Investment Group LLC

SoftBank Group Corp.

Financials

United States

02/14/2017

03/03/2017

Ixia

Keysight Technologies, Inc.

Information Technology

United States

01/30/2017

03/03/2017

Mead Johnson Nutrition Co.

Reckitt Benckiser Group Plc

Consumer Staples

United States

02/02/2017

03/03/2017

ONEOK Partners LP

ONEOK, Inc.

Energy

United States

02/01/2017

03/03/2017

Popeyes Louisiana Kitchen, Inc.

Restaurant Brands International, Inc.

Consumer Discretionary

United States

02/21/2017

03/03/2017

STADA Arzneimittel AG

Advent International Corp.

Health Care

Germany

02/13/2017

03/03/2017

Surgical Care Affiliates, Inc.

UnitedHealth Group, Inc.

Health Care

United States

01/09/2017

03/03/2017

ZELTIQ Aesthetics, Inc.

Allergan Plc

Health Care

United States

02/13/2017

03/03/2017

Deletions from the IQ Merger Arbitrage Index since last rebalance

Target

Acquirer



Announce

Added

Deal

Name

Name

Sector

Country

Date

Date

Result

LifeLock, Inc.

Symantec Corp.

Consumer Discretionary

United States

11/20/2016

12/05/2016

Completed

WCI Communities, Inc.

Lennar Corp.

Consumer Discretionary

United States

09/22/2016

12/05/2016

Completed

ARIAD Pharmaceuticals, Inc.

Takeda Pharmaceutical Co., Ltd.

Health Care

United States

01/09/2017

02/03/2017

Completed

Vascular Solutions, Inc.

Teleflex, Inc.

Health Care

United States

12/02/2016

01/05/2017

Completed

Blue Nile, Inc.

Blue Nile, Inc. /Private Group/

Consumer Discretionary

United States

11/07/2016

12/05/2016

Completed

Spectra Energy Corp.

Enbridge, Inc.

Energy

United States

09/06/2016

10/05/2016

Completed

Intersil Corp.

Renesas Electronics Corp.

Information Technology

United States

09/12/2016

10/05/2016

Completed

CLARCOR, Inc.

Parker-Hannifin Corp.

Industrials

United States

12/01/2016

01/05/2017

Completed

Equity One, Inc.

Regency Centers Corp.

Real Estate

United States

11/14/2016

12/05/2016

Completed

Cardinal Financial Corp.

United Bankshares, Inc. (West Virginia)

Financials

United States

08/18/2016

09/06/2016

Max Age

 

About IndexIQ

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.

Additional information about IndexIQ and its products can be found at IQetfs.com.  

For more ETF market insights, click here.

* The nature of IndexIQ's products allows for these potential benefits, which typically are not associated with traditional hedge funds.

ETF PERFORMANCE: The performance data quoted above represents past performance. Past performance is not a guarantee of future results. Investment return and value of the Fund shares will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than performance data quoted. Fund returns reflect dividends and capital gains distributions. Fund performance current to the most recent month-end is available by calling 1-888-934-0777 or by visiting IQetfs.com.

IQ Merger Arbitrage ETF (MNA) Risk Discussion: Certain of the proposed takeover transactions in which the Fund invests may be renegotiated, terminated or involve a longer time frame than originally contemplated, which may negatively impact the Fund's returns. The Fund's investment strategy may result in high portfolio turnover, which, in turn, may result in increased transaction costs to the Fund and lower total returns. The Fund is susceptible to foreign securities risk – since the Fund invests in foreign markets, it will be subject to risk of loss not typically associated with domestic markets, including currency transaction risk. Diversification does not eliminate the risk of experiencing investment losses. Stock prices of mid and small capitalization companies generally are more volatile than those of larger companies and also more vulnerable than those of larger capitalization companies to adverse economic developments. The Fund is non-diversified and is susceptible to greater losses if a single portfolio investment declines than would a diversified fund. The ETF should be considered a speculative investment with a high degree of risk, does not represent a complete investment program and is not suitable for all investors.

About Risk: Certain of the proposed takeover transactions in which the Fund invests may be renegotiated, terminated or involve a longer time frame than originally contemplated, which may negatively impact the Fund's returns. The Fund's investment strategy may result in high portfolio turnover, which, in turn, may result in increased transaction costs to the Fund and lower total returns. The Fund is susceptible to foreign securities risk – since the Fund invests in foreign markets, it will be subject to risk of loss not typically associated with domestic markets, including currency transaction risk. Diversification does not eliminate the risk of experiencing investment losses. Stock prices of mid and small capitalization companies generally are more volatile than those of larger companies and also more vulnerable than those of larger capitalization companies to adverse economic developments. The Fund is non-diversified and is susceptible to greater losses if a single portfolio investment declines than would a diversified fund. The ETF should be considered a speculative investment with a high degree of risk, does not represent a complete investment program and is not suitable for all investors. Alternative investment/strategies are speculative, not suitable for all clients, an intended for experienced and sophisticated investors who are willing to bear the high economic risks of the investment.  Funds that invest in bonds are subject to interest-rate risk and can lose principal value when interest rates rise.  Investors cannot invest in an index.

Consider the Funds' investment objectives, risks, and charges and expenses carefully before investing. The prospectus and the statement of additional information include this and other relevant information about the Funds and are available by visiting IQetfs.com or calling 888-934-0777. Read the prospectus carefully before investing.

IndexIQ® is the indirect wholly owned subsidiary of New York Life Investment Management Holdings LLC. ALPS Distributors, Inc. (ALPS) is the principal underwriter of the ETFs. NYLIFE Distributors LLC is a distributor of the ETFs and the principal underwriter of the IQ Hedge Multi-Strategy Plus Fund. 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.

*IndexIQ's ETF holdings are available daily on IndexIQ's website. Brokerage commissions apply to ETFs. ETFs are liquid in that they are exchange-traded.

Index performance does not reflect charges and expenses associated with the Funds or brokerage commissions associated with buying and selling ETF shares.  One cannot invest directly in an index.

Liquid alternatives are alternative investment strategies that are available through vehicles that provide daily liquidity, such as mutual funds and ETFs.

For additional information, please contact:




Chris Sullivan/Mike MacMillan               

Allison Scott

MacMillan Communications                        

New York Life Insurance

(212) 473-4442                                          

(212) 576-4517

chris@macmillancom.com                           

allison_scott@newyorklife.com

 

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