RYE BROOK, N.Y., Jan. 25, 2018 /PRNewswire/ -- IndexIQ plans to close and liquidate the following IQ ETFs based on an ongoing process to review its product lineup and ensure it meets the evolving needs of its clients.
| Ticker |
Name |
| CNDA |
IQ Canada Small Cap ETF |
| IOIL |
IQ Global Oil Small Cap ETF |
| KROO |
IQ Australia Small Cap ETF |
The last day of trading on NYSE Arca, Inc. for each liquidating fund will be March 16, 2018. Creations and redemptions will be accepted until that time. Proceeds of the liquidations are expected to be sent to shareholders on or about March 23, 2018.
For more information, please call 1-888-474-7725 or visit IQetfs.com
About IndexIQ
IndexIQ is a pioneer and leading provider of innovative investment solutions focused on absolute return, real assets, international, fixed income and equity strategies. IndexIQ's solutions are offered as ETFs, mutual funds, separately managed accounts, and ETF model portfolios. The company's philosophy is to democratize investment management by providing all investors with cost-effective access to the types of high-quality, sophisticated investment products that typically have been reserved for institutional and ultra-high-net-worth investors. IndexIQ's mission is to take indexing to the next level by combining the best attributes of both passive and active investing, and make strategies available to investors in low cost, liquid, and transparent products. IndexIQ is an indirect, wholly-owned subsidiary of New York Life Insurance Company. Additional information about IndexIQ and its products can be found at IQetfs.com.
For additional information about IndexIQ, please contact:
| Allison Scott |
Chris Sullivan/Mike MacMillan |
| New York Life Insurance |
MacMillan Communications |
| (212) 576-4517 |
(212) 473-4442 |
About risk
There are risks involved with investing in any such products, including the possible loss of principal. Investors in the Funds should be willing to accept a high degree of volatility and the possibility of significant losses.
IndexIQ® is an indirect wholly owned subsidiary of New York Life Investment Management Holdings LLC. ALPS Distributors, Inc. (ALPS) is the principal underwriter of the ETFs. NYLIFE Distributors LLC is a distributor of the ETFs and the principal underwriter of the IQ Hedge Multi-Strategy Plus Fund. NYLIFE Distributors LLC is located at 30 Hudson Street, Jersey City, NJ 07302. ALPS Distributors, Inc. is not affiliated with NYLIFE Distributors LLC. NYLIFE Distributors LLC is a Member FINRA/SIPC.
SOURCE IndexIQ
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