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NYLI Hedge Multi-Strategy Tracker ETF
QAI (NYLI Hedge Multi-Strategy Tracker ETF) is an active US Equity ETF by NYLI. With a 0.88% MER, it provides diversified exposure through 31 holdings. Annual distribution with a 1.48% yield.
QAI is actively managed by NYLI's investment team, which selects holdings with the goal of outperforming a benchmark index.
Its 0.88% MER reflects the costs of a more specialized management approach.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).