IPOS - IndexIQ set to launch three ESG ETFs covering: gender equality clean oceans and clean transportation

IndexIQ, a New York Life subsidiary, is preparing to launch three new ESG ETFs covering gender equality, clean oceans and clean transportation. The three ETFs are IQ Engender Equality ETF, IQ Clean Oceans ETF, and the IQ Cleaner Transport ETF. IndexIQ has submitted paperwork to the U.S. Securities and Exchange Commission to launch the ETFs and upon approval this will bolster IndexIQ’s ETF lineup to 24. Here's a look at all three: IQ Engender Equality ETF (EQUL) The ETF will track the Solactive Equileap U.S. Select Gender-Equality Index, which has yielded an 18.24% YTD return. The index's top holdings are Etsy (1.61%), Autodesk (1.52%) and Adobe (1.52%). To qualify to be put in this ETF, an organization must have a high "Equileap score" determined according to the prospectus by five different standards. They are as follows: “(1) gender balance in leadership and workforce; (2) equal compensation and work life balance; (3) policies promoting

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IndexIQ set to launch three ESG ETFs covering: gender equality, clean oceans, and clean transportation