Active Value Family of Indexes Unveiled

IndexIQ has introduced the Active Value family of indexes and has licensed the IndexIQ Active Value Small Cap Index to Claymore Advisors, LLC, which will create the Claymore/IndexIQ Small-Cap Value ETF.
A news release said IndexIQ’s Active Value methodology uses a proprietary analytical process in seeking to capture the essence of a value investing strategy in a passively managed, tax efficient index product.
The Claymore/IndexIQ Small-Cap Value ETF seeks investment results that correspond generally to the performance, before fees and expenses, of the IndexIQ Active Value Small Cap Index.
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