All of the following new hedge fund ETFs, created by IndexIQ, are designed to track the various underlying indexes. Most will consist of fund of funds structures, combining different subindexes and use ETFs to replicate the various strategies. It's a system that IndexIQ is implementing with the IQ Hedge Multi-Strategy Tracker ETF (NYSEArca: QAI). For information on QAI, go to:
http://www.indexiq.com/etfs/etfsiqh/etfsiqhmultistrat.html
That ETF launched in late March with an expense ratio of 0.75%. The firm's most recent filing doesn't list expense ratios for the new batch. Assuming the Securities and Exchange Commission finds no special quirks to halt a launch, the new ETFs will be the:
IQ CPI Inflation Tracker ETF
IQ Hedge Equal Weight Multi-Strategy Tracker ETF
IQ Hedge Asset Weight Multi-Strategy Tracker ETF
IQ Hedge Inverse Multi-Strategy Tracker ETF
IQ Hedge Distressed Tracker ETF
IQ Hedge Convertible Arbitrage Tracker ETF
IQ Hedge Dedicated Short Bias Tracker ETF
IQ Hedge Managed Futures Tracker ETF
IQ Hedge Market Directional Tracker ETF
IQ Hedge Absolute Return Tracker ETF
IQ Hedge Relative Value Tracker ETF
IQ ARB Merger Arbitrage ETF
IQ ARB Global Natural Resources ETF
IQ ARB Global Real Estate ETF
IQ ARB Global Infrastructure ETF