TMCnet News
IndexIQ Announces Updates and Enhancements to Its IQ U.S. Real Estate Small Cap ETF ("ROOF")IndexIQ today announced that effective September 1, 2022, the IQ U.S. Real Estate Small Cap ETF (ticker: ROOF) will be renamed as the IQ CBRE NextGen Real Estate ETF and begin tracking the IQ CBRE NextGen Real Estate Index (the "New Underlying Index"). Notably, at the time of the Fund's change, the management fee will decrease from 0.69% to 0.60%. The New Underlying Index was designed in conjunction with CBRE Investment Management and seeks to provide exposure to real estate sectors and companies that are expected to benefit from large trends ("NextGen Trends") affecting the global economy over a secular, multi-year time horizon. The New Underlying Index will primarily provide exposure to U.S. companies with a maximum allocation of 25% to non-U.S. companies. The NextGen Trends are focused on property sectors aligned with the following:
The Index will typically be made up of 75-150 securities of real estate issuers and will be rebalanced quarterly.
Joseph Smith, Chief Investment Officer, Listed Strategies of CBRE Investment Management said:
Ian Forrest, Head of IndexIQ said:
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 $5.1 billion in assets under management as of December 31, 2021, IndexIQ leverages th 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 is a leading global real assets investment management firm with $146.8 billion in assets under management* as of March 31, 2022, 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 Listed Real Assets LLC is a separately registered investment adviser within CBRE Investment Management that specializes in the management of global listed real assets solutions. 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 2021 revenue). CBRE has more than 105,000 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 about CBRE Investment Management, 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.
Disclosures:
All investments are subject to risk and will fluctuate in value.
Foreign Securities Risk
Industry/Sector Concentration Risk
Real Estate Sector Risk
Non-Diversified Risk
Small- and/or Mid-Capitalization Companies Risk
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 Investment Management LLC engages the services of federally registered advisors. CBRE Investment Management is unaffiliated with New York Life Investments. "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. IndexIQ® is the 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, and 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220630005103/en/ |