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Iq Global Resources Etf

IQ Global Resources ETF (IQRE) is an exchange-traded fund (ETF) that seeks to track the performance of the IQ Global Resources Index, which is designed to measure the overall performance of globally listed companies that are involved in the production and distribution of resources and commodities, excluding companies primarily engaged in the exploration stage of specific mining or energy resources.

The ETF focuses on four main sectors: Agriculture, Energy, Metals, and Water. Some of the top holdings of IQRE include BHP Group, Rio Tinto, Royal Dutch Shell, Chevron, and Glencore.

IQRE is managed by IndexIQ, a subsidiary of New York Life Investments, which is a subsidiary of the insurance giant New York Life. The expense ratio for IQRE is 0.75%, which is relatively higher than some other ETFs in the market.

It is important to note that investing in IQRE or any other ETF involves risks such as market volatility, company-specific risks, and other investment-related risks. As with any investment, it is recommended to consult with a financial advisor to determine if IQRE or any other investment product is appropriate for your investment goals and risk tolerance.