IndexIQ, a leading developer of index-based alternative investment solutions, today announced it plans to close three of its exchange-traded funds (ETFs). Combined assets in the designated funds represent approximately 1% of IndexIQ’s ETF assets. No further closures are planned.
The Board of Trustees of the IndexIQ ETF Trust approved the closures on December 14, 2011. The final day of trading on the NYSE Arca will be Friday, December 23, 2011. Shareholders who do not sell their fund shares by this date will have their shares automatically redeemed on December 30, 2011, the funds’ last day of operations. Additional information about the funds is available at www.IndexIQ.com.
The three closing funds are as follows:
|IQ Taiwan Small Cap ETF||TWON|
|IQ Hong Kong Small Cap ETF||HKK|
|IQ Japan Mid Cap ETF||RSUN|
Fund shareholders remaining on December 30, 2011 will not incur transaction fees in connection with the liquidation of their shares. Other costs of closing the funds will be borne by the IndexIQ Advisors LLC.
IndexIQ is a leading issuer of index-based liquid alternative solutions focused on absolute return, real asset and international strategies. IndexIQ solutions are offered as ETFs, Mutual Funds & Separate Accounts. IndexIQ’s philosophy is to democratize investment management by making innovative alternative investment strategies available to investors in low cost, liquid and transparent products.* IndexIQ strategies are marketed through the company’s proprietary investment products and select partnerships with leading global financial institutions. Additional information about the company and its products can be found at www.IndexIQ.com.
*IndexIQ’s ETF holdings are available daily on IndexIQ’s website. Brokerage commissions apply to ETFs. ETFs are liquid in that they are exchange-traded.
There are risks involved with investing including the possible loss of principal. Consider the Funds’ investment objectives, risks, charges and expenses carefully before investing. A prospectus with this and other information about the Funds may be obtained by visiting www.indexiq.com or by calling (888) 934-0777. Read the prospectus carefully before investing.
IndexIQ ETFs and mutual funds are distributed by ALPS Distributors, Inc., which is not affiliated with IndexIQ.