On Wednesday, the International Securities Exchange (ISE) announced its partnership with the asset management firm IndexIQ. The two will support and promote new exchange-traded products (ETPs) on physical commodities.?
Kris Monaco, head of ISE’s ETF Ventures team, said in the press release, “This is an exciting partnership that couples ISE’s ETP experience with IndexIQ’s reputation for creating innovative products. 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 such as “GLD” securitized gold, we hope to provide investors with similar benefits in different segments of the commodities market.”
This agreement combine’s ISE’s business development, marketing, and experience in the Index and ETF arena with IndexIQ’s product development, marketing and sales success to bring new products to the market.
Adam Patti, IndexIQ CEO, said of the partnership,?”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. 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.” ?
Just last week, ISE announced?its new product development group, ISE ETF Ventures. Its focus is expanding capabilities in the ETF arena. The exchange plans to offer its partner firms a full suite of capabilities that supports launching new ETFs.
In addition, ISE ETF Ventures will bring new ETFs to the market via capital commitment, business development, and marketing support. ?It will also look to partner with leading ETF and ETN issuers and industry service providers.
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