QMN: New Market Neutral ETF from Index IQ
Index IQ added to its lineup of hedge fund replication ETFs on October 4, 2012 with the launch of IQ Hedge Market Neutral Tracker ETF (QMN).  The new ETF seeks to track, before fees and expenses, the performance of the firm’s own IQ Hedge Market Neutral Index.  QMN does not invest in hedge funds.  Instead, it attempts to mimic the performance characteristics of market neutral hedge funds using a fund-of-funds approach with other ETFs. [More...]
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