IQRA is the firm’s newest actively managed ETF
investing across real estate and infrastructure equity
securities
IndexIQ today announced the launch of its newest ETF, the IQ
CBRE Real Assets ETF (ticker: IQRA), a fully transparent, actively
managed fund sub-advised by CBRE Investment Management Listed Real
Assets LLC (“CBRE IM”).
IQRA seeks to provide total return, through capital growth and
current income through a diversified portfolio of core real assets
securities. IQRA leverages CBRE IM’s Global Listed Real Assets
Investment Team, which will seek to add value through active
positioning at the sector and stock level. The portfolio will seek
to invest in global real estate and infrastructure common equity
securities that provide exposure to essential assets across
traditional and next-generation sectors that may benefit from
secular and cyclical investment themes with regulated or
contractual cash flows, a history of stable income growth, and may
provide a hedge against persistent inflation. IQRA’s lead portfolio
managers are Joseph Smith, Jeremy Anagnos, Jonathan Miniman and
Daniel Foley, who have on average almost 25 years years of real
estate and infrastructure portfolio management experience.
Joseph Smith, CIO-Listed Strategies for CBRE Investment
Management, said:
“We are excited to partner with Index IQ to deliver this
actively managed ETF that leverages the full research and
investment resources of CBRE IM. We believe that the essential
nature of the assets will underpin the potential for reliable and
predictable growth of company earnings and dividends and a
compelling opportunity for competitive risk-adjusted returns over
the long term.”
Sal Bruno, CIO of IndexIQ said:
“Real assets, such as real estate and infrastructure, can play a
meaningful role in portfolios, particularly in an environment with
rising rates, continued volatility, and inflation. We are very
excited to be introducing an active approach to this key sector in
partnership with the seasoned Global Listed Real Assets Investment
Team at CBRE IM and as part of our ongoing commitment to bringing
investors and advisors highly differentiated solutions they need to
build resilient portfolios. We believe IQRA offers a compelling,
dynamic, risk-managed approach to asset allocation and for
attractive income generation potential.”
IQRA is the latest expansion of IndexIQ’s solutions-driven
lineup of actively managed and real assets-focused offerings, and
builds on its partnership with CBRE IM, the index construction
consultant for the IQ CBRE NextGen Real Estate ETF (ROOF).
For more information on the fund and on IndexIQ’s full suite of
ETF offerings, as well as insights and commentary on inflation and
the current market environment, please visit our website here.
About IndexIQ
IndexIQ, a New York Life Investments company, is a provider of
exchange-traded funds (ETFs), with a decade of offering highly
differentiated and innovative solutions to retail and institutional
investors. With $9.3 billion in assets under management as of March
31, 2023, IndexIQ leverages the asset management capabilities of
New York Life Investments' multi-boutique platform into its suite
of offerings which include: fixed income, equities, alternatives,
ESG components and specialty asset classes. For additional
information on IndexIQ, visit
https://www.newyorklifeinvestments.com/etf or follow us on Twitter
or LinkedIn.
About CBRE Investment Management
CBRE Investment Management Listed Real Assets LLC is the listed
real assets arm of CBRE Investment Management, a leading global
real assets investment management firm, with $148.9 billion in
assets under management* as of March 31, 2023, operating in more
than 30 offices and 20 countries around the world. Through its
investor-operator culture, the firm seeks to deliver sustainable
investment solutions across real assets categories, geographies,
risk profiles and execution formats so that its clients, people and
communities thrive.
CBRE Investment Management is an independently operated
affiliate of CBRE Group, Inc. (NYSE:CBRE), the world's largest
commercial real estate services and investment firm (based on 2022
revenue). CBRE has approximately 115,000 employees (excluding
Turner & Townsend employees) serving clients in more than 100
countries. CBRE Investment Management harnesses CBRE's data and
market insights, investment sourcing and other resources for the
benefit of its clients. For more information, please visit
www.cbreim.com.
*Assets under management (AUM) refers to the fair market value
of real assets-related investments with respect to which CBRE
Investment Management provides, on a global basis, oversight,
investment management services and other advice and which generally
consist of investments in real assets; equity in funds and joint
ventures; securities portfolios; operating companies and real
assets-related loans. This AUM is intended principally to reflect
the extent of CBRE Investment Management's presence in the global
real assets market, and its calculation of AUM may differ from the
calculations of other asset managers and from its calculation of
regulatory assets under management for purposes of certain
regulatory filings.
About Risk:
As with all investments, there are certain risks of investing in
the Fund. The Fund’s Shares will change in value and you could lose
money by investing in the Fund.
The Fund is a new fund. As a new fund, there can be no
assurance that it will grow to or maintain an economically viable
size, in which case it could ultimately liquidate.
An investment in companies that invest in real estate
(including REITs) exposes the Fund to the risks of the real estate
market and the risks associated with the ownership of real estate.
Real estate is generally a less liquid asset class and companies
that hold real estate may not be able to liquidate or modify their
holdings quickly in response to changes in economic or other market
conditions.
Investments in infrastructure companies expose the Fund
to potential adverse economic, regulatory, political, legal, and
other changes affecting such investments. Issuers of securities in
infrastructure-related businesses are subject to a variety of
factors that may adversely affect their business or operations.
Investments in the securities of non-U.S. issuers involve
risks beyond those associated with investments in U.S. securities.
These additional risks include greater market volatility, the
availability of less reliable financial information, higher
transactional and custody costs, taxation by foreign governments,
decreased market liquidity and political instability. Foreign
issuers are often subject to less stringent requirements regarding
accounting, auditing, financial reporting and record keeping than
are U.S. issuers, and therefore not all material information will
be available.
Emerging market countries are subject to greater market
volatility, lower trading volume, political and economic
instability, uncertainty regarding the existence of trading
markets, rapid inflation, possible repatriation of investment
income and capital, currency convertibility issues, less uniform
accounting standards and more governmental limitations on foreign
investment than more developed markets.
The fund may consider certain Environmental, Social and
Governance (ESG) criteria when evaluating an investment
opportunity. The application of ESG criteria may result in the Fund
having exposure to certain securities or industry sectors that are
significantly different than the composition of the Fund’s
benchmark and performing differently than other funds and
strategies in its peer group that do not take into account ESG
criteria or the Fund’s benchmark. There can be no guarantee that
the Fund will meet its investment objective(s). There is no
assurance that employing ESG strategies will result in more
favorable investment performance.
Consider the Funds' investment objectives, risks, charges and
expenses carefully before investing. The prospectus and the
statement of additional information include this and other relevant
information about the Funds and are available by visiting
IQetfs.com. Read the prospectus carefully before investing.
“New York Life Investments” is both a service mark, and the
common trade name, of certain investment advisors affiliated with
New York Life Insurance Company. CBRE Investment Management Listed
Real Assets LLC is not affiliated with New York Life Investment
Management.
IndexIQ® is an indirect wholly owned subsidiary of New York Life
Investment Management Holdings LLC and serves as the advisor to the
IndexIQ ETFs. ALPS Distributors, Inc. (ALPS) is the principal
underwriter of the ETFs. NYLIFE Distributors LLC is a distributor
of the ETFs. 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.
“New York Life Investments” is both a service mark, and the
common trade name, of certain investment advisors affiliated with
New York Life Insurance Company.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230510005248/en/
For additional information about IndexIQ:
Allison Scott / Sara Guenoun New York Life Investments
allison_scott@nylim.com / sara_j_guenoun@newyorklife.com
Chris Sullivan / Julia Stoll Craft & Capital
chris@craftandcapital.com / julia@craftandcapital.com
For additional information about CBRE Investment Management: Pam
Barnett CBRE Investment Management pam.barnett@cbreim.com
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