Five out of six of IndexIQ’s proprietary IQ Hedge Investable Banchmark Hedge Fund Replication Indexes recorded positive returns in October.
The IQ Hedge Even Drive Index led the way with a return of 2.94 per cent closely followed by The IQ Hedge Long/Short Index (2.76 per cent.) The other three positive performers for the month were the IQ Hedge Global Macro Index (1.54 per cent), the IQ Hedge Multi-Strategy Index (1.08 per cent), and the The IQ Hedge Market Neutral Index (0.28 per cent).
The month’s only loser, with a return of -0.06 per cent, was the IQ Merger Arbitrage Index.
Designed as investable benchmarks that replicate the performance characteristics of sophisticated hedge fund strategies, the IQ Hedge Indexes comprise the first family of investable benchmark indexes covering hedge fund replication/alternative beta strategies.
