15 More Hedge Fund ETFs On The Way

``The Rye Brook, N.Y.-based firm has filed a registration statement for 15 strategy-specific ETFs. Like IndexIQ’s first hedge fund ETF, the new funds will track indices created by IndexIQ. The IQ Hedge Multi-Strategy Tracker ETF debuted on the NYSE Arca electronic stock exchange last month; while it seeks to replicate hedge fund returns, it eschews investing in alternatives. Instead, it invests entirely in other ETFs, such as the iShares Lehmam Aggregate Bond Fund, iShares Lehman 1-3 Year Treasury Bond Fund and iShares MSCI Emerging Markets Index Fund.''