The IQRA ETF is an active strategy that, rather than mechanically tracking the constituents of a specific index, mainly looks at common stocks of global listed real estate and infrastructure companies with income-generating potential. It reflects both the cash flows of real asset companies and the conditions of their industries.

It holds listed real estate and infrastructure together, which may suit investors who want to evaluate exposure to real asset equities.

It is an ETF run with an active (actively managed) approach by New York Life Investments.

It is an active strategy that selects holdings by analyzing the income-generating potential and cash flow characteristics of global listed real estate and infrastructure companies. The portfolio is adjusted according to market conditions and sector-level investment opportunities, seeking real asset equity exposure and income opportunities together.

• A real asset investment scope covering both listed real estate and infrastructure
• A management approach that relies on stock and sector selection rather than mechanical index tracking

Assets under management (AUM) stand at $6.9M, and the expense ratio is an annual 0.65%.

Before trading the IQRA ETF, it is worth checking the bid-ask spread and order execution conditions. The expense ratio is best reviewed alongside differences in management style when compared with similar real asset strategy products.

The trend in real asset equities can be affected by interest rates, the real estate market, and infrastructure investment conditions. Differences in sector cash flow outlooks and valuations can widen the performance gap between holdings, so it is hard to interpret results through any single factor.

Fund flows can be influenced by expectations that real assets hedge against inflation, interest rate forecasts, and shifts in preference for income-oriented stocks. However, inflows and outflows can vary with market conditions, so actual flows should be confirmed separately through disclosure materials.

Its defining feature is an active selection structure for real asset equities, and sensitivity to changes in interest rates and sector conditions is a point to watch.

In the comparison table, the DRAM ETF focuses on the memory theme, the SECT ETF on sector rotation, the AVRE ETF on real estate, the VOLT ETF on electrification, and the CANC ETF on oncology. These products differ from the IQRA ETF in management strategy, fee level, and asset size, so they are better viewed as comparison points for differences in theme and asset class exposure than as direct substitutes. The defining characteristic of the IQRA ETF is that it actively selects global listed real assets.

When evaluating the IQRA ETF, investors should look not only at the income characteristics of real asset equities but also at changes in interest rates and the real estate market. It is also advisable to check in advance how active management decisions affect performance, trading conditions, and the sector exposure of the holdings.

Real estate and infrastructure companies can be sensitive to interest rates, financing conditions, regulation, and the economic cycle. Because its global investment scope adds currency and country-specific policy variables, it is hard to say that risk is sufficiently diversified merely because the holdings share the real asset classification.

The IQRA ETF is an active real asset product that looks at listed real estate and infrastructure together. Its top holdings, centered on WELL, EQIX, SPG, XEL, and WEC, show exposure to real estate, data centers, and utilities, and it is appropriate to review the impact of interest rate sensitivity and management decisions together.