The following is from the ISE...
The International Securities Exchange (ISE), a leading U.S. options exchange, and IndexIQ, a leading asset management firm, announced today their partnership agreement to support and promote new exchange traded products (ETPs) focusing on physical commodities.
"This is an exciting partnership that couples ISE's ETP experience with IndexIQ's reputation for creating innovative products," said Kris Monaco, Head of ISE's ETF Ventures team. "We look forward to working with IndexIQ to provide investors with more efficient access to new segments of the commodities market. Much like physically backed commodity trusts like "GLD" securitized gold, we hope to provide investors with similar benefits in different segments of the commodities market."
"Building on several years of successful product launches that have brought new exposures to retail and institutional investors, we believe this is an excellent time to continue our roll out of innovative exchange-traded products designed to provide investors with more efficient tools to diversify their portfolios," said Adam Patti, IndexIQ CEO. "We are excited to partner with ISE in our continued effort to bring to market high quality liquid alternative investments, which are resonating strongly as having significant value in today's uncertain market environment."
This agreement will combine ISE's business development, marketing, and extensive experience in the Index and ETF business with IndexIQ's world-class product development, marketing and sales success to bring innovative new products to the market. This is the first partnership for the ISE ETF Ventures team for physically backed commodity ETPs. To learn more about ISE's ETF Ventures team, visit www.ise.com/etfventures. To learn more about IndexIQ, visit www.indexiq.com.