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IndexIQ to launch new hedge fund replication ETF

IndexIQ is to launch its latest hedge fund replication exchange-traded fund on 4 October on the NYSE Arca.

The IQ Hedge Market Neutral Tracker ETF (QMN) will be the first ETF designed to offer investors liquid, transparent exposure to the performance characteristics of market neutral hedge funds.

QMN will join an IndexIQ hedge fund replication ETF family that already offers funds focused on global macro (MCRO) and hedge fund of funds (QAI).

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