
The first Exchange-Traded Fund (ETF) designed to replicate the risk and return characteristics of global macro and emerging markets hedge funds was introduced today by IndexIQ (
www.indexiq.com).
The IQ Hedge Macro Tracker ETF (NYSE Arca: MCRO) seeks to replicate, before fees and expenses, the returns of the IQ Hedge Macro Index, combining both Global Macro and Emerging Markets strategies. Global Macro hedge fund strategies generally span the globe in search of investment opportunities, employing a top-down approach to identifying market inefficiencies and dislocations, and typically invest in a range of instruments and asset classes including stocks, bonds, commodities, and currencies.