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IndexIQ Licenses Precidian’s ActiveShares® Exchange-Traded Fund Structure

TedTed
in The Bullpen
FYI: IndexIQ, a New York Life Investments Company, today announced that it has entered into an agreement with Precidian Investments LLC (“Precidian”) to license Precidian’s ActiveShares® structure.

“Our core commitment is to bring-to-market innovative strategies and structures that align with our clients’ investment goals,” said Jon Zimmerman, Chief Operating Officer at IndexIQ. “We look forward to leveraging the ActiveShares structure to continue offering our clients the breadth, depth, and time-tested expertise of New York Life Investments boutiques in the cost-effective structure of ETFs.”
Regards,
Ted
https://www.businesswire.com/news/home/20191112005315/en/IndexIQ-Licenses-Precidian’s-ActiveShares®-Exchange-traded-Fund-Structure
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