Index IQ is planning Another 15 hedge-fund ETFs

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April 15, 2009 3:08pm ETF BASIC NEWS NYSE:QAI

hedgefund1Less than a month after launching what it called the first U.S. ETF based on hedge fund strategies, Index IQ is planning to expand the category to 15 more indexes.

The company has filed papers with the Securities and Exchange Commission seeking approval of the new exchange traded funds. Like the IQ Hedge Multi-Strategy Tracker ETF (QAI), which the firm announced March 25, the new products are apparently structured as “funds of funds” that are designed to mimic the performance of certain hedge fund strategies.

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