NYLI Candriam U.S. Mid Cap Equity ETF (IQSM)
ARCA ARCA Primary Summary
IQSM Chart
IQSM: ESG And Quality Don't Always Align
IQSM offers exposure to 220 mid-cap stocks that have passed a proprietary ESG screening system. Its expense ratio is 0.15% and the ETF has $234 million in assets under management. IQSM has a slight growth lean, evidenced by higher estimated sales and earnings growth rates and higher valuation ratios. The ETF currently trades at 17.75x forward earnings. However, IQSM has consistently experienced larger drawdowns than SPMD, a broad-based ETF tracking the S&P MidCap 400 Index.
NYLI Candriam U.S. Mid Cap Equity ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| DMM Dianne Marie Morin SEEDS INVESTOR LLC | 53,065 | $1.78M | $2.09M | $312,719.95 | 17.61% |
| RFL Rossby Financial LLC Rossby Financial LLC | 5,667 | $195,132.3 | $222,401.41 | $27,269.11 | 13.97% |
NYLI Candriam U.S. Mid Cap Equity ETF (IQSM) FAQ
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NYLI Candriam U.S. Mid Cap Equity ETF Profile
| ARCA Exchange | US Country |
Overview
The described company operates within the framework of environmental, social, and corporate governance (ESG) criteria, indicating a focus on sustainable and ethical investment practices. Developed in collaboration with Candriam, a recognized leader in responsible investment solutions, the company's investment strategy is to offer exposure to equity securities that adhere to ESG criteria. By employing a market-capitalization weighting methodology, the company aims to balance its portfolio in alignment with the market valuation of these ESG-compliant companies. It primarily targets U.S. equity securities of mid-capitalization companies, committing at least 80% of its assets to these investments. This establishes the company as an entity focused on contributing positively to societal goals while aiming for financial growth by investing in firms with responsible governance and sustainable practices.
Products and Services
The company's products and services are designed to cater to investors looking to integrate ESG considerations into their investment portfolios. These offerings include:
- ESG-Focused Equity Securities
This core product offers investors the opportunity to invest in equity securities of mid-cap companies. These securities are selected based on comprehensive ESG criteria developed by Candriam. The selection process ensures that investments not only offer potential for financial return but also align with the investor's values regarding environmental sustainability, social responsibility, and ethical corporate governance.
- Market-Capitalization Weighted Portfolios
Employing a market-capitalization weighting methodology, the company constructs portfolios that mirror the market valuation of ESG-compliant companies. This approach allows for a balanced investment strategy that seeks to mitigate risks and optimize returns by following the market trends of responsible companies. Investors benefit from a diversified portfolio that is responsive to the evolving landscape of ESG investment opportunities.
