QAI

NYLI Hedge Multi-Strategy Tracker ETF

$33.55

+0.00%

Market closed. Last update: 10:53 PM ET

📎 Investment Objective

The NYLI Hedge Multi-Strategy Tracker ETF (QAI) seeks to provide exposure to a diversified portfolio of hedge fund strategies, aiming to deliver returns that have a low correlation to traditional asset classes.

Overview

ETF tracking NYLI Hedge Multi-Strategy Tracker ETF

Category Alternative

Issuer Other

Inception Date 2009-03-25

Market Cap $711.3M

Average Volume N/A

Dividend Yield 2.08%

52-Week Range $29.76 - $34.03

VWAP $33.60

Performance

Loading performance data...

Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The ETF invests in a variety of hedge fund-like strategies, including long/short equity, global macro, market neutral, event-driven, and others. It uses a multi-manager approach, allocating assets across a range of underlying investment managers to provide diversification.

✨ Key Features

Provides exposure to a diversified portfolio of hedge fund strategies
Aims to deliver returns with low correlation to stocks and bonds
Uses a multi-manager approach to diversify across investment styles
Relatively low expense ratio of 0.00%

⚠️ Primary Risks

Exposure to alternative investment strategies, which may be more complex and carry higher risks than traditional investments
Potential for higher volatility compared to traditional asset classes
Reliance on the skill of the underlying investment managers to generate returns
Lack of performance history, as the fund is relatively new

👤 Best For

The NYLI Hedge Multi-Strategy Tracker ETF may be suitable for investors seeking diversification and low correlation to traditional asset classes as part of a broader, well-diversified portfolio. It may be particularly appealing to investors with a higher risk tolerance and a longer-term investment horizon.