Alternative Investments/ESG: IndexIQ Launches High Yield And Equity ESG Funds

IndexIQ is a provider of exchange-traded funds (ETFs) with With $5.1 billion in assets under management as of December 31, 2021.

IndexIQ has launched the IQ MacKay ESG High Income ETF (IQHI) and the IQ Candriam ESG U.S. Mid Cap Equity ETF (IQSM). The funds expand further the firm’s existing lineup of ESG investment solutions. (Businesswire)

IQ MacKay ESG High Income ETF (IQHI)

This actively managed ETF tracks the Bloomberg Very Liquid High Yield Index, which seeks to maximize current income using the philosophy that strong risk-adjusted investment returns can be achieved by employing a strategy of seeking to eliminate uncompensated risk.

The strategy seeks to avoid companies with elevated ESG risks while favoring companies with strong and/or improving ESG attributes.

IQ Candriam ESG U.S. Mid Cap Equity ETF (IQSM)

This passively managed ESG focused strategy tracks the IQ Candriam ESG U.S. Mid Cap Equity Index. The index strategy, designed in collaboration between IndexIQ and Candriam, leverages Candriam’s proprietary ESG evaluation framework with a broadly diversified U.S. mid cap portfolio comprised of companies meeting ESG criteria developed by Candriam.


 Kirk Lehneis, Chief Operating Officer of New York Life Investment Management (NYLIM) & President of IndexIQ ETFs, said: “The teams at MacKay Shields and Candriam are foremost in their fields and having their insights and unique approaches available to power our newest ETFs is a tremendous benefit to potential investors in these funds. IQHI is a unique solution that can help investors and advisors manage two of today’s biggest portfolio challenges: finding ways to add yield potential while also seeking to avoid potential pitfalls tied to ESG-related risks; while IQSM brings a compelling ESG-focused lens to the U.S. mid-cap category, an area of the equity market that is often underrepresented in investors’ portfolios.”

IndexIQ is the indirect wholly owned subsidiary of New York Life Investment Management Holdings LLC and serves as the advisor to the IndexIQ ETFs.

Related Story: New York Life Floats ETFs For Gender Equality, Clean Oceans, Cleaner Transport

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News
Digital Assets: Mike Novogratz Hits Out At Sam Bankman-Fried, Calls For His Prosecution
December 2, 2022     Digital Assets, News

Mike Novogratz, the billionaire CEO of Galaxy Digital (TSE: GLXY), was unequivocally critical about Sam Bankman-Fried’s virtual New York Times (NYT) Dealbook Summit interview. “I’m hoping that the authorities get…
FinTech: Monzo To Turn Profitable In 2023, Says CEO
December 2, 2022     FinTech, News

“We will be profitable in the next financial year,” TS Anil said at the summit on Thursday, though Monzo reported pre-tax losses of £119mn for the 12 months to the…
Artificial Intelligence: OpenAI Launches ChatGPT, A New Conversational AI System
December 2, 2022     Artificial Intelligence, News

OpenAI has unveiled ChatGPT, a new AI system that interacts in a conversational way. As part of a dialogue format, ChatGPT answers followup questions, admits its mistakes, challenges incorrect premises,…
Artificial Intelligence: Monarch’s Electric, Driver-Optional, Smart Tractor Now In Commercial Production

Monarch Tractor has rolled out the first production model of the MK-V tractor that combines electrification, automation, and data analysis to help farmers reduce their carbon footprint, improve field safety,…