October 28, 2009 at 18:42 PM EDT
IndexIQ Unveils Inflation-Hedged ETFs
Undeterred by tepid response to its first two offerings, IndexIQ has rolled out two more ETFs with hedging strategies: IQ CPI Inflation Hedged ETF (CPI)and IQ ARB Global Resources ETF (GRES). IQ CPI aims to offer solace to those worried about inflation. The Bureau of Labor Statistics comes up with the CPI by crunching cost of goods, services and housing numbers from about 23,000 retailers and service providers and 50,000 landlords or tenants. The
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