Natixis snares hedge fund replication index licence

Natixis Investment Bank has obtained a licence to use the IndexIQ hedge fund replication index to create multiple structured investment products for institutional and retail investors across Europe and Asia.

The bank has obtained the licence for the index provider’s composite index, which invests solely in exchange-traded funds (ETFs) to achieve its returns. Six underlying strategies are applied to approximately 13 ETFs across a variety of asset classes, including US and global bonds, foreign and US equity, emerging and developed markets, currency, commodity and real estate, says New York-based executive vice-president of IndexIQ David Fogel. The index’s components are annually rebalanced to keep in