IndexIQ to Ring Opening Bell at New York Stock Exchange on April 7th

Ceremony marks the March 25th launch of the first U.S. Listed Hedge Fund
Replication Exchange-Traded Fund
NEW YORK--(Business Wire)--
IndexIQ, a leading developer of index-based alternative investment solutions,
will ring the Opening BellSM at the New York Stock Exchange this morning in a
ceremony that will mark the March 25, 2009 launch of the firm`s IQ® Hedge
Multi-Strategy Tracker Exchange-Traded Fund (ETF), the first-ever U.S.-listed
hedge fund replication ETF (NYSE Arca: QAI).

"We are thrilled to have the opportunity to be at the New York Stock Exchange to
ring the Opening Bell," said Adam Patti, chief executive officer at IndexIQ. "As
a company, our goal is to help democratize access to the alternative investment
asset class by making these products broadly available to all investors. Listing
QAI on NYSE Arca is a big step forward in this process."

The IQ® Hedge Multi-Strategy Tracker Exchange-Traded Fund seeks to replicate,
before fees and expenses, the returns of the IQ® Hedge Multi-Strategy Index. The
Index is designed to capture the risk-adjusted return characteristics of the
collective hedge fund universe using multiple hedge fund investment styles,
including long/short equity, global macro, market neutral, event-driven, fixed
income arbitrage, and emerging markets. The ETF-based approach to hedge fund
replication offers a number of advantages to investors, including intra-day
liquidity, portfolio transparency, low fees,* the elimination of
manager-specific risk, and real-time pricing.

About IndexIQ

Based in Rye Brook, New York, IndexIQ is the leading developer of index-based
alternative investment solutions that combine the benefits of traditional index
investing with the risk-adjusted return potential sought by the best active
managers. The company`s philosophy is to democratize investment management by
making innovative alternative investment strategies available to all investors
in low cost, liquid, transparent and tax-efficient products. IndexIQ strategies
are marketed through the company`s proprietary investment products and select
partnerships with leading global financial institutions.

Additional information about the company and its products can be found at
www.IndexIQ.com.

*Ordinary brokerage commissions apply.

Investors should consider the investment objectives, risks, charges and expenses
of the fund carefully before investing. A prospectus, containing this and other
information is available by calling (888) 934-0777. Investors should read the
prospectus carefully before investing.

There are risks associated with investing including the possible loss of
principal. Past performance does not guarantee future results. Diversification
does not eliminate the risk of experiencing investment loss.The Fund is not
suitable for all investors.

The Fund's investment performance depends on the investment performance of the
underlying ETFs in which it invests. The Fund does not invest in hedge funds.
There is no guarantee that the Fund itself, or each of the ETFs in the Fund`s
portfolio, will perform exactly as their underlying indexes. The Fund is
non-diversified and may be susceptible to greater losses if a single portfolio
investment declines than would a diversified mutual fund.

IndexIQ ETFs are distributed by ALPS Distributors, Inc. ("ALPS"). Adam Patti is
a registered representative of ALPS.

MacMillan Communications
Mike MacMillan or Chris Sullivan, 212-473-4442
chris@macmillancom.com

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