Key stats
About IQ Hedge MultiIQ Hedge Multi-Strategy Tracker ETF
Expense ratio
0.78%
Home page
Inception date
Mar 25, 2009
QAI is a fund-of-funds that uses a mash-up of hedge fund replication sub-indexes to emulate the returns of a multi-strategy fund-of-funds. Each sub-index: global macro, long short, and fixed-income arbitrage, market neutral, event-driven, and emerging markets contains liquid securities (mostly ETFs) selected and weighted using regression and other quant techniques to approximate the returns of a particular hedge fund strategy. The resulting basket is typically dominated by long fixed-income positions, and long equity positions. As a result, QAI's performance often shows correlation with its major asset classes, and low variability of returns.
Classification
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF104.63%
Cash0.12%
Miscellaneous−4.75%