MainStay Could Use IndexIQ Buy to Expand ETF Footprint
December 05, 2014 at 11:00 AM EST
On Thursday, Insurance giant New York Life said its New York Life Investment Management (NYLIM) unit, the company’s third party global asset management business, will acquire exchange traded funds provider IndexIQ for an undisclosed sum. The deal is expected to close in the first half of 2015 and...