Rye Brook, NY-based IndexIQ is currently prepping a pair of index funds to add to its growing list of index exchange-traded funds.
Accroding to a regulatory filing, the firm is looking to launch the IQ Fastest Growing Companies ETFand the IQ Innovation Leaders ETF within the next two months.
The Fastest Growing Companies ETF will track the IQ Fastest Growing Companies Index, which encompass companies with market capitalizations between $1.5 billion and $580 billion as of December 31, 2012. The Innovation Leaders ETF will track the IQ Innovation Leaders Index, which is made up if companies with market capitalizations ranging from $350 million to approximately $235 billion as of the end of December 2012.
Julie Abbett will serve as the portfolio manager of both funds.
A spokesman for the firm was not immediately available for comment on the new offerings.