New York Life Investments and the American Coronary heart Affiliation introduce a themed ESG ETF centered on well being and wellbeing
NEW YORK, February 1, 2021 / PRNewswire / – IndexIQ, a New York Life Investments company, today announced the launch of the IQ Healthy Hearts ETF (NYSE: HART) in coordination with the American Heart Association®. HART is IndexIQ’s first “Dual Impact” ESG ETF, designed to offer investors an innovative thematic strategy linked to key sustainability priorities.
Invest from HART
HART takes a thematic approach to ESG investing that aligns with the AHA’s overall mission to help people live longer, healthier lives. It invests in companies that reflect AHA’s core initiatives, research and programming, with a special focus on those that offer:
- Diagnosis and / or treatment of cardiovascular diseases
- Manufacture and distribution of healthy food or wellness products
- Services that enable people to access information about their health and thereby make better, heart-healthy decisions about their lifestyle
- Solutions for people to track their fitness and embark on a healthy lifestyle.
In order to reinforce the thematic effects of HART, New York Life Investments and IndexIQ, ongoing contributions to the Social Impact Fund1 of the American Heart Association are made in connection with the strategy. The association’s Social Impact Fund, launched in 2019, is designed to empower communities by investing in local entrepreneurs and organizations that remove the social and economic barriers to balanced health care. So far it has more than activated $ 35 million in new funding for 39 organizations.
Creating a “Dual Impact”
HART is IndexIQ’s first thematic “Dual Impact” ESG ETF and part of a broader New York Life Investments strategy that aims to balance “me focused” returns and “we focused” social good by providing value investors with access to investment strategies that drive social causes and major global initiatives. HART is an example of the company’s commitment to creating a better future for investors and their communities. New York Life Investments offers investors investment strategies that aim to generate competitive returns while helping to build a more sustainable future.
Building a more sustainable future
Yie-Hsin Hung, Chairman of the Board – New York Life Investment Management:
“Sustainable investing has long been at the core of our approach at New York Life Investments. We’re excited to partner with the American Heart Association to introduce a thematic, impact-driven investment strategy that leverages our longstanding investment expertise. HART believes that there is more to an investment strategy than that about generating potential returns. If done in a constructive and sustainable way, it can also be a way of promoting social well-being. “
Nancy Brown, American Heart Association Chairman:
“While the overall death rate from heart disease and stroke has declined to a recent plateau in the past two decades, those gains have not been shared fairly among all people. Our Social Impact Fund is one of the many new ways we are addressing this issue We are grateful to be working with a like-minded, purposeful company like New York Life Investments, who brings to market a product that offers investors potential returns that their local communities and social entrepreneurs can also benefit from, helping to build an equitable, sustainable and sustainable contribution healthier future. “
About New York Life Investments
With $ 662 billion in assets under management * December 31, 2020, New York Life Investments consists of the affiliated global asset management businesses of parent company New York Life Insurance Company (New York Life) and provides clients with access to specialized, independent investment teams through their family of affiliated boutiques. New York Life Investments remains committed to its clients through a combination of the different perspectives of its boutiques and a long-term focus on sustainable relationships.
New York Life Insurance Company (www.newyorklife.com), a Fortune 100 company founded in 1845, is the largest mutual life insurance company in The United States** and one of the largest life insurers in the world. Headquarters in New York CityThe New York Life Insurance Company family of companies offers life insurance, retirement income, investment, and long-term care insurance. The New York Life Insurance Company has the highest financial strength ratings currently awarded to any US life insurer by any of the four major rating agencies ***.
* AUM includes assets from investment advisers who are affiliated with the New York Life Insurance Company December 31, 2020. The AUM for Candriam and training is shown at the spot rate.
** Based on earnings from Fortune 500 in Industries, Insurance: Life, Health (Mutual), Fortune Magazine, 5/18/20. Methodological information can be found at http://fortune.com/fortune500/.
*** Individual comment by an independent rating agency as of October 15, 2020: AM Best (A ++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s (AA +) The financial strength of the New York Life Insurance Company only applies for its insurance products and not for investment products that are subject to market risks and fluctuations in value.
“New York Life Investments” is both a service mark and the common trade name of certain investment advisors affiliated with New York Life Insurance Company.
IndexIQ, a New York Life Investments company, is a provider of exchange traded funds (ETFs) that has been providing highly differentiated and innovative solutions for private and institutional investors for a decade. With $ 4.2 billion in assets under management December 31, 2020IndexIQ leverages the wealth management capabilities of New York Life Investments’ multi-boutique platform into its suite of offerings, which includes: Fixed Income, Stocks, Alternatives, ESG, and Specialty Asset Classes.
For more information on IndexIQ, please visit newyorklifeinvestments.com/etf | Twitter | LinkedIn
All investments are subject to risk and fluctuate in value.
Carefully consider the investment objectives, risks, costs and expenses of the funds before investing. The prospectus and supplementary information statement contain this and other relevant information regarding the Funds and are available at IQetfs.com or by calling (888) 474-7725. Read the prospectus carefully before investing.
Investment involves risk, including loss of capital.
IndexIQ® is an indirect wholly-owned subsidiary of New York Life Investment Management Holdings LLC and acts as advisor to IndexIQ ETFs. ALPS Distributors, Inc. (ALPS) is the primary insurer of the ETFs and NYLIFE Distributors LLC is a distributor of the ETFs. NYLIFE Distributors LLC is located at 30 Hudson Street, Jersey City, NJ 07302. ALPS Distributors, Inc. is not affiliated with NYLIFE Distributors LLC. “New York Life Investments” is both a service mark and the common trade name of the investment advisors affiliated with New York Life Insurance Company.
Shares in the Fund are not sponsored, endorsed or endorsed by the American Heart Association, Inc. (“AHA”). The Fund’s sponsor, IndexIQ, and its affiliates are donors and supporters of AHA’s Social Impact Fund and are a significant contributor to the Social Impact Fund. AHA makes no representations or warranties, express or implied, to potential or actual investors in the Fund or to members of the public as to the usefulness of any investment in any financial product, including any company seeking to track the underlying index, and the ability of the Fund to track the performance of the Underlying Index, the ability of the Underlying Index to match or outperform stock market performance, the suitability of the Fund or the ability of the Underlying Index or Fund to achieve its investment objectives. AHA has no obligation or liability in connection with the administration, marketing or trading of fund units. AHA is not an investment advisor, fund distributor or service provider. Inclusion of any security in the Underlying Index is not a recommendation by AHA to buy, sell or hold any such security, nor is it considered investment advice or a guarantee that the investment objectives of the Underlying Index will be achieved. AHA does not guarantee the accuracy and / or completeness of the underlying index or the data contained therein.
New York Life Investments & IndexIQ: I hope Netanel | (917) 543-5962 | [email protected]
Sloane & Company: Kate New Years Eve | (212) 486-9500 | [email protected]
1 New York Life Investment Management LLC (NYLIM) and IndexIQ Advisors LLC (IndexIQ) are donors and supporters of the American Heart Association’s Social Impact Fund and make a significant contribution to the Social Impact Fund.
SOURCE New York Life Investments