IndexIQ Launches the IQ Chaikin U.S. Small Cap ETF (CSML)
IndexIQ adds to its factor-based ETF offerings with the first U.S.-listed strategic beta ETF built on the strength of the “Chaikin Power Gauge”
RYE BROOK, May 16, 2017 – IndexIQ, a leading provider of innovative investment solutions, today announced the launch of the IQ Chaikin U.S. Small Cap ETF (NASDAQ: CSML), the first domestic equity-focused addition to IndexIQ’s family of factor-based investment solutions.
CSML is designed to track the price and yield performance of the NASDAQ Chaikin Power U.S. Small Cap Index (the Index), which leverages the Chaikin Power Gauge® (CPG), a proprietary factor-based quantitative stock rating model, in the security selection process. The Index is comprised of highly rated stocks derived using the CPG, and has the potential to outperform market-weighted products and active strategies. CPG was developed by Marc Chaikin, an investment strategist with 50 years of experience.
Chaikin’s methodology, using sophisticated market-based indicators made up of four primary factors—value, growth, technical and sentiment—have become industry standard1 among asset managers and institutional investors. Chaikin Analytics recently won the 2017 Benzinga Global Fintech Award for Best Trading Idea Platform, Tool or App2.
“We’re very excited to be using the approach pioneered by Marc Chaikin and his colleagues in bringing CSML to market as our first domestic equity, strategic beta ETF,” said IndexIQ’s Chief Executive Officer Adam Patti.
Added IndexIQ’s Chief Investment Officer Salvatore Bruno, “Small-cap stocks have historically outperformed their large-cap counterparts over the long-term, and rebounded from market downturns at a quicker pace. Small-caps also tend to be more domestically focused when compared to their multi-national large-cap counterparts, allowing them to be insulated from issues that impact revenues from overseas, such as a rising dollar. Therefore, we believe CSML will fit well as a core U.S. small-cap equity position, as part of the science behind building smarter portfolios for investors.”
“We are thrilled to be collaborating with IndexIQ and bringing our Chaikin Power Gauge stock rating approach to the ETF marketplace for the first time,” said Marc Chaikin, Founder and CEO of Chaikin Analytics, LLC. “By combining proven, market-based factors, as we’ve done with our Nasdaq Chaikin Power Indexes, it’s now possible for ETF investors to build smarter stock portfolios with the potential to enhance returns across various market cycles.”
CSML joins a growing family of factor-based ETF offerings from IndexIQ, including three first of their kind fixed income offerings: the IQ Enhanced Core Bond U.S. ETF (NYSE Arca: AGGE) and IQ Enhanced Core Plus Bond U.S. ETF (NYSE Arca: AGGP), which were launched in May of 2016, and the IQ S&P High Yield Low Volatility Bond ETF (HYLV), the first high yield low volatility fixed income ETF, which launched in February of 2017.For more information about CSML, please visit IQetfs.com.
IndexIQ is a pioneer and leading provider of innovative investment solutions focused on absolute return, real assets, international and fixed income strategies. IndexIQ’s solutions are offered as ETFs, mutual funds, separately managed accounts, and ETF model portfolios. The company's philosophy is to democratize investment management by providing all investors with cost-effective access to the types of high-quality, sophisticated investment products that typically have been reserved for institutional and ultra high-net-worth investors. IndexIQ’s mission is to take indexing to the next level by combining the best attributes of both passive and active investing, and make strategies available to investors in low cost, liquid, and transparent products. IndexIQ is an indirect, wholly-owned subsidiary of New York Life Insurance Company.
Additional information about IndexIQ and its products can be found at IQetfs.com.
About Chaikin Analytics, LLC
Marc Chaikin created Chaikin Analytics to put the power of proven stock research tools and analytics in the hands of professional and individual investors and traders. A Wall Street analyst, stock broker and options expert for 50 years, Chaikin created the Chaikin Power Gauge, a proven 20-factor model that uniquely combines fundamental, technical and sentiment factors to provide alpha. With the Chaikin Power Gauge stock rating model as its centerpiece, Chaikin Analytics offers powerful decision-making tools in an easy-to-use desktop and iPad application. Chaikin also created three technical trading indicators, the widely-used Chaikin Oscillator, the Chaikin Accumulation/Distribution Indicator and the Chaikin Persistency of Money Flow. Chaikin's indicators are industry standards, found on most trading platforms in the world. He also pioneered the first real-time analytics workstation for institutional money managers and trading desks, now part of Thomson Reuters' institutional workstation. For more information on Chaikin Analytics, LLC please visit www.chaikinanalytics.com.
1. Validated by Nasdaq: The Chaikin portfolios, powered by the Power Gauge Rating, have outperformed their benchmarks since inception in April, 2014.
2. Benzinga Fintech Awards, May 11, 2017.
For additional information, please contact:
New York Life Insurance
Chris Sullivan/Mike MacMillan
For information about Chaikin Analytics, please contact:
Nasdaq®, NASDAQ Chaikin Power U.S. Small Cap Index, are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by IndexIQ. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).
Chaikin, Chaikin Analytics, and Chaikin Power Gauge are registered trademarks of service marks of Chaikin Analytics LLC and Chaikin Investments LLC; used under license.
Consider the Fund’s investment objectives, risks, and charges and expenses carefully before investing. The prospectus and the statement of additional information include this and other relevant information about the Fund and are available by visiting IQetfs.com or calling 1-888-474- 7725. Read the prospectus carefully before investing.
MainStay Investments® is a registered service mark and name under which New York Life Investment Management LLC does business. MainStay Investments, an indirect subsidiary of New York Life Insurance Company, New York, NY 10010, provides investment advisory products and services. IndexIQ® is an indirect wholly owned subsidiary of New York Life Investment Management Holdings LLC. ALPS Distributors, Inc. (ALPS) is the principal underwriter of the ETFs. NYLIFE Distributors LLC is a distributor of the ETFs and the principal underwriter of the IQ Multi-Strategy Plus Fund. 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. Marc Chaikin and Chaikin Analytics are not affiliated with New York Life Investment Management LLC.