NYLI Hedge Multi-Strategy Tracker ETF
NYLI Hedge Multi-Strategy Tracker ETF (AMEX: QAI) is an exchange-traded fund listed on NYSE Arca, trading at $36.13 (about ₹3,471 a unit) as of 30 Sep 2026, 10:15 AM ET. It has an expense ratio of 0.75% and holds 39 securities. Indian residents can buy QAI through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$36.06
Today's high
$36.16
52 week low
$33.00
52 week high
$36.90
QAI opened at $36.06, closed previously at $36.07, and has traded between $33.00 and $36.90 over the past 52 weeks.
About
New York Life Investments ETF Trust - NYLI Hedge Multi-Strategy Tracker ETF is an exchange traded fund of funds launched and managed by New York Life Investment Management LLC. It invests through derivatives and through other funds in public equity, fixed income, currency and commodity markets of global region. The fund employs long/short strategy and uses derivatives such as futures and options to create its portfolio. For its equity portion, it invests through other funds in stocks of companies operating across diversified sectors. The fund invests in growth, value, low volatility and momentum stocks of companies across diversified market capitalization. For its fixed income portion, it invests through other funds in U.S. investment grade corporate debt, U.S. government bonds with short-term, long term and intermediate-term maturity obligations, U.S. high yield debt, U.S. Treasury Inflation Protection Securities, U.S. mortgage-backed debt, U.S. convertible debt, municipal bonds, U.S. floating rate debt and foreign sovereign debt. The fund also invests through other funds in U.S. and foreign real estate investment trusts, and commodities. For its currency portion, it invests through other funds and through derivatives in foreign currencies and currency futures. The fund seeks to track the performance of the NYLI Hedge Multi-Strategy Index, by using full replication technique. New York Life Investments ETF Trust - NYLI Hedge Multi-Strategy Tracker ETF was formed on March 25, 2009 and is domiciled in the United States.
Key statistics
Expense ratio
0.75%
Assets (AUM)
$1.0B
Holdings
39
NAV
$36.11
Avg. volume
—
1-year price change
+7.53%
5-year price change
+13.76%
Price change excludes dividends.
Top 10 holdings
QAI holds 39 securities in total. These 10 are 70.0% of the fund.
Where the money is invested
Sectors
Countries
How to buy QAI from India
Indian residents can buy QAI units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Search QAI and buy
Find the fund by its ticker, QAI, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Read the full guide: how to invest in QAI from India
Trading and taxes when buying QAI from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation. Gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Units are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
What is the QAI price today?
NYLI Hedge Multi-Strategy Tracker ETF (QAI) last traded at $36.13 on NYSE Arca, as of 30 Sep 2026, 10:15 AM ET. That is ₹3,471 a unit at the 29 Sep 2026 USD/INR rate.
When does QAI trade, in Indian time?
NYSE Arca trades 7:00 pm – 1:30 am IST, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
How big is QAI, and what does it cost to hold?
NYLI Hedge Multi-Strategy Tracker ETF manages about $1.0B. Its expense ratio is 0.75% a year, deducted inside the fund. It launched in 2009.
What are QAI's largest holdings?
The top three are Vanguard Short-Term Treasury ETF (19.1%), iShares Floating Rate Bond ETF (15.3%) and Vanguard FTSE Developed Markets ETF (7.1%). QAI's 10 largest positions make up 70.0% of the fund.
Does QAI pay dividends?
Yes. QAI is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate. The US withholds 25% tax on dividends before they reach you; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit when you file in India.
How are gains on QAI taxed in India?
Units held for more than 24 months are long-term and taxed at 12.5% without indexation; units held for 24 months or less are taxed at your income-tax slab rate. The gain is worked out in rupees, so the currency move counts.
Can I buy fractional units of QAI?
Yes. You can buy QAI by amount rather than by whole unit, and there is no minimum trade size.
How has QAI performed?
QAI's price is up 7.5% over the past year and up 13.8% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.