(ETFtrends.com) Expanding on the success of its hedge fund replication strategies, Index IQ has come out with a new exchange traded fund that tries to track the best global tactical asset allocation mutual funds. According to a press release, the IQ Leaders GTAA Tracker ETF (QGTA) began trading Wednesday. The new fund has a 0.45% expense ratio. QGTA will try to reflect the performance of the IQ Leaders GTAA Index, which tracks the top 10 leading global allocation mutual funds based on fund performance and asset size.
New Fund-of-Funds ETF Tries to Track the Best of the Best
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