IndexIQ to launch two US equity ETFs
IndexIQ is planning to launch two US equity-focused exchange-traded funds, according to a regulatory filing made with the US Securities and Exchange Commission (SEC).
The funds – IQ Fastest Growing Companies ETF and the IQ Innovation Leaders ETF – will take IndexIQ’s range of ETFs to 15.
The IQ Fastest Growing Companies ETF, will invest in 50 high-growth US companies as ranked by sales, net income and cash flow growth as well as total return, while the IQ Innovation Leaders ETF will 100 US companies deemed "highly innovative…as measured by several innovation-related factors.”
Both funds will invest at least 80 per cent of their net assets in components of their underlying indices.
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