New York, February 1, 2021 – IndexIQ, a New York Life Investments company, today announced, in alignment with the American Heart Association® , the launch of the IQ Healthy Hearts ETF (NYSE: HART). HART is IndexIQ’s first “Dual Impact” ESG ETF, designed to offer investors an innovative thematic strategy tied to key sustainability priorities.
Investing From the HART
HART adopts a thematic ESG investment approach aligned with the AHA’s overall mission of helping people live longer, healthier lives. It invests in companies that reflect core AHA initiatives, research and programming, with a specific focus on those that provide:
Amplifying the thematic impact of HART, New York Life Investments and IndexIQ will, in connection with the strategy, make ongoing contributions to the American Heart Association’s Social Impact Fund1. Launched in 2019, the Association’s Social Impact Fund was designed to enhance communities by investing in local entrepreneurs and organizations that are breaking down the social and economic barriers to health equity. To date, it has activated more than $35 million in new funding for 39 organizations.
Creating “Dual Impact”
HART is IndexIQ’s first thematic, “Dual Impact” ESG ETF, and is part of a broader strategy at New York Life Investments designed to balance “me focused” returns and “we focused” social good by granting values-driven investors access to investment strategies that advance social causes and important global initiatives. HART exemplifies the Firm’s commitment to building a better future for investors and their communities. Through a suite of strategies invested in core thematic sectors and areas of focus within ESG, New York Life Investments will offer investors investment strategies that seek to provide competitive returns while contributing to building a more sustainable future.
Building a More Sustainable Future
Yie-Hsin Hung, Chief Executive Officer – New York Life Investment Management:
“Sustainable investing has long been at the heart of our approach at New York Life Investments, and we are delighted to team with the American Heart Association to introduce a thematic, and impact-oriented investment strategy that harnesses our long-standing investment expertise with their enduring and powerful mission to help people live healthier lives. HART reflects that an investment strategy is not about generating potential returns alone – when it’s done in a constructive and sustainable way, it can also be a path toward advancing social good.”
Nancy Brown, Chief Executive Officer – American Heart Association:
“While overall death rates from heart disease and stroke declined over the past two decades until a recent plateau, these gains were not equitably shared among all people. Our Social Impact Fund is one of the many new ways we are working to address this issue and improve health equity. We are grateful to be aligned with a like-minded, purpose-driven enterprise such as New York Life Investments, which is launching a product that affords investors potential returns that can also benefit their local communities and the social entrepreneurs that are contributing toward building an equitable, sustainable, and healthier future.”
1. New York Life Investment Management LLC (NYLIM) and IndexIQ Advisors LLC (IndexIQ) are donors to and supporters of American Heart Association’s Social Impact Fund and are making a substantial contribution to the Social Impact Fund.
About New York Life Investments
With $662 billion in Assets Under Management* as of December 31, 2020, New York Life Investments is comprised of the affiliated global asset management businesses of its parent company, New York Life Insurance Company (New York Life). New York Life Investments offers clients access to specialized, independent investment teams through its family of affiliated boutiques and remains committed to its clients through a combination of the diverse perspectives of its boutiques and a long-lasting 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. Headquartered in New York City, New York Life Insurance Company's family of companies offers life insurance, retirement income, investments and long-term care insurance. New York Life Insurance Company has the highest financial strength ratings currently awarded to any U.S. life insurer from all four of the major credit rating agencies***.
*AUM includes assets of Investment Advisors affiliated with New York Life Insurance Company as of December 31, 2020. AUM for Candriam and Ausbil is reported at the spot rate.
**Based on revenue as reported by "Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual)," Fortune magazine, 5/18/20. For methodology, please see http://fortune.com/fortune500/.