All seven of IndexIQ’s proprietary family of hedge fund replication and alternative beta indices were positive in October, with the IQ Hedge Event-Driven Beta Index leading the way with a return of 3.11 per cent.
The IQ Hedge Long/Short Beta Index (1.58 per cent), IQ Hedge Composite Beta Index (1.44 per cent), IQ Hedge Fixed Income Arbitrage Beta Index (1.31 per cent) and IQ Hedge Emerging Markets Beta Index (1.30 per cent) all produced solid reruns.
The IQ Hedge Global Macro Beta Index (0.93 per cent) and the IQ Hedge Market Neutral Beta Index (0.41 per cent) brought up the rear in terms of returns.
Designed as investable benchmarks that replicate the performance characteristics of sophisticated hedge fund strategies, the IQ Hedge benchmark indices were originally introduced on 30 March 2007, and have been calculating live since that date. IQ Hedge is the first family of investable benchmark indices covering hedge fund replication/alternative beta strategies.
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