IQ Hedge Event-Driven Tracker ETF
QED
New York Stock Exchange Arca- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- IQ Hedge Event-Driven Tracker ETF (QED) is an exchange-traded fund of funds that seeks to replicate the returns of hedge funds pursuing event-driven strategies by tracking the IQ Hedge Event-Driven Beta Index. The fund primarily invests at least 80% of its net assets in other ETFs providing exposure to event-driven sub-strategies, including credit opportunities such as short-term corporate bonds (e.g., Vanguard Short-Term Corporate Bond ETF, iShares Short-Term Corporate Bond ETF), convertible securities (e.g., SPDR Bloomberg Barclays Convertible Securities ETF, iShares Convertible Bond ETF), senior loans (e.g., SPDR Blackstone/GSO Senior Loan ETF, Invesco Senior Loan ETF), high yield corporate bonds (e.g., iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF), and preferred stocks (e.g., iShares U.S. Preferred Stock ETF); as well as event-driven equities like small-cap growth (e.g., Vanguard Small-Cap Growth ETF, iShares Russell 2000 Growth ETF). It operates in the alternatives asset class within the hedge fund sub-category, targeting institutional and retail investors seeking low-volatility, absolute return strategies with a focus on merger arbitrage, distressed securities, and special situations; the fund maintains a portfolio of approximately 18-36 holdings, with over 98% concentrated in its top 10 positions, and is domiciled in the United States. Launched on March 24, 2015, by IndexIQ Advisors LLC, a subsidiary of New York Life Investment Management LLC, the ETF was headquartered in Rye Brook/Port Chester, New York. In December 2022, IndexIQ announced the liquidation of QED alongside four other hedge tracker ETFs (HYLV, QMN, QLS, MCRO) as part of a strategic review of its product suite to align with evolving client needs, though trading data indicates limited ongoing activity with assets under management around $1.9-6 million as of recent reports.