On Monday morning, the CEO & Founder of Chaikin Analytics, Marc Chaikin, and the CEO of New York Life Investment Management, Yie-Hsin Hung, rang the NASDAQ Stock Market Opening Bell. They were accompanied by several key members of the IndexIQ team including Jon Zimmerman, COO, and Sal Bruno, CIO.
The ceremony marked the celebration of the one-year anniversary of Chaikin Analytics’ collaboration with Nasdaq and IndexIQ to bring the Chaikin Power Gauge stock rating approach to the ETF marketplace.
It was an incredibly exciting day for everyone at Chaikin Analytics. In addition to the ringing of the Opening Bell, the Chaikin logo was emblazoned on the NASDAQ MarketSite video tower overlooking Times Square in New York City.
The CEO of New York Life Investment Management, Yie-Hsin Hung, offered celebratory remarks just before the 9:30 bell ringing, stating:
“I am so proud and excited to be here at NASDAQ with my colleagues and our partners to celebrate two of the most successful ETF launches of 2017, IQ Chaikin U.S. Small-Cap ETF and IQ Chaikin U.S. Large-Cap ETF. This timing is perfect, as CSML is just about to celebrate its one-year anniversary and CLRG is just about to celebrate its six-month anniversary. These two ETFs have been met with tremendous investor enthusiasm and have attracted $800 million of total capital in a very short period of time.
This level of success is especially gratifying because it really proves what we thought to be the case when we launched this effort: that there is immense power in combining the expertise of our partner in Chaikin Analytics, who is well-known for their proprietary Power Gauge tool, with that of our very own ETF provider in IndexIQ, and then with the tremendous support of NASDAQ.”