IndexIQ has submitted filings to roll out five exchange-traded funds, each of which will track indexes created by IndexIQ subsidiary Financial Development HoldCo LLC.

The five funds are the IQ Hedge Multi-Strategy Tracker ETF, IQ Hedge Macro Tracker ETF, IQ Hedge Long/Short Tracker ETF, IQ Hedge Event-Driven Tracker ETF and IQ Hedge Market Neutral Tracker ETF.

The multi-strategy fund’s index encompasses global macro, long/short, event-driven, market neutral, emerging markets, fixed-income arbitrage and other strategies common among hedge funds.

The macro fund will pursue a global macro strategy, and the long/short, event-driven and market neutral funds’ strategies are self-explanatory.

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