Hedge Fund ETFs Still In Deep Waters (QAI, MCRO)

IQ Hedge Multi-Strategy Tracker (ETF) (NYSE: QAI) was the first hedge fund ETF launched in March this year. The Hedge Fund ETFs have been facing criticism that they don’t offer any benefits that ETFs are known for.

Apart from QAI, IQ Hedge Macro Tracker ETF (NYSE: MCRO) was the only other hedge fund launched in the last six months. The investors were not willing to invest, which is evident from their assets – QAI has only $75 million in assets while MCRO has a little over $7 million. Gary Gordon of seekingalpha.com feels that there is a questionable interest in the current offerings in the US.