Otmane El Rhazi from Investor's Business Daily - ETFs RSS.
New York Life, the largest U.S. mutual life insurance company, is set to acquire ETF provider IndexIQ. A leading provider of alternative ETFs, IndexIQ will be folded into the insurer's investment management arm, which includes MainStay mutual funds. The move marks New York Life's first foray into the world of exchange traded funds. "We intend to leverage IndexIQ's capabilities to become the dominant provider of nontraditional ETF solutions," Drew
New York Life, the largest U.S. mutual life insurance company, is set to acquire ETF provider IndexIQ. A leading provider of alternative ETFs, IndexIQ will be folded into the insurer's investment management arm, which includes MainStay mutual funds. The move marks New York Life's first foray into the world of exchange traded funds. "We intend to leverage IndexIQ's capabilities to become the dominant provider of nontraditional ETF solutions," Drew
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