AUM beginning in 2012 excludes Assets under Administration. Does not reflect the effect of any sales charge, which would reduce performance shown. Final determination of a distribution’s tax character will be made on Form 1099 DIV sent to shareholders each January. The Index seeks to achieve capital appreciation by investing in global companies for which there has been a public announcement of a takeover by an acquirer. Have Watchlists? The mutual funds may be offered and sold only to persons in the United States. The Fund seeks investment results that track, before fees and expenses, the price and yield performance of the IQ Merger Arbitrage Index. Access to our extensive library of product and market insights and materials. The Fund seeks investment results that correspond generally to the price and yield performance of ⦠The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the IQ Merger Arbitrage Index. The IQ Merger Arbitrage fund also uses short positions as a risk-hedging mechanism. Returns represent past performance which is no guarantee of future results. NYLIFE Distributors LLC is a Member of FINRA/SIPC. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. MSCI World Index is a free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of developed markets. One cannot invest directly in an index. Currency in USD. IQ Merger Arbitrage Index seeks to achieve capital appreciation by investing in global companies for which there has been a public announcement of a takeover by an acquirer. Historical data for the IQ Merger Arbitrage ETF (MNA) as well as the closing price, open, high, low, change and %change. HFRI ED Merger Arbitrage Index tracks the investment process primarily focused on opportunities in the equity and equity related instruments of companies which are currently engaged in a corporate transaction. Dec 14, 2012 8:47 AM EST. After a Record Q3, Can M&A Soar in Q4? Results prior to an Index component's existence as an ETF are based on its underlying index, which do not reflect underlying management fees. The Fund’s investment strategy may result in high portfolio turnover, which, in turn, may result in increased transaction costs to the Fund and lower total returns. Click on the tabs below to see more information on Merger Arbitrage ETFs, including historical performance, dividends, holdings, expense ratios, technical indicators, analysts reports and ⦠The strategies discussed are strictly for illustrative and educational purposes and are not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The products and services of New York Life Investments' boutiques are not available in all jurisdictions or regions where such provision would be contrary to local laws or regulations. The Fund seeks investment results that correspond generally to the performance of its Underlying Index, the IQ ARB Global Merger Arbitrage Index. Alternative risk premia strategies seek to systematically provide investors with exposure to long‐term sources of return uncorrelated to traditional equity and bond markets across several investment styles such as value, momentum, volatility, market neutral, etc. Copyright © 2021 MarketWatch, Inc. All rights reserved. has been prepared exclusively for institutional/wholesale/professional clients and By Roger Nusbaum. Investment return and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. The information being provided is strictly as a courtesy. Index performance is for illustrative purposes only and does not represent actual Fund performance. 33.00 +0.05 (+0.15%) At close: 4:00PM EDT. IQ Merger Arbitrage ETF Review Merger arbitrage was once the bastion of event driven professional traders everywhere. IQ Merger Arbitrage ETF (MNA) NYSEArca - NYSEArca Delayed Price. IQ Merger Arbitrage ETF is an exchange-traded fund incorporated in the USA. Here's How to Buy the Dip Right Now, How to Trade USFDA's EUA to J&J Vaccine With ETFs, ETF Areas to Win/Lose With Biden on the Verge of Victory. Current performance may be lower or higher. The Index also includes short exposure to global equities as a partial equity market hedge. Price/Book Ratio is used to compare a company's stock's value to its book value and is not intended to demonstrate growth or income. Summary. Neither the Company, New York Life nor any of its subsidiaries, make any representations as to the completeness or accuracy of information that is provided at these sites. Tax-efficient rules-based approach to provide exposure to global merger arbitrage activity. Stock prices of mid and small capitalization companies generally are more volatile than those of larger companies and also more vulnerable than those of larger capitalization companies to adverse economic developments. NYLIFE Distributors LLC is located at 30 Hudson Street, Jersey City, NJ 07302. Intraday Data provided by FACTSET and subject to terms of use. View MNA exchange traded fund data and compare to other ETFs, stocks and exchanges. The prospectus, or summary prospectus, and the statement of additional information include this and other relevant information about the Funds and are available by calling (888) 474-7725 for IndexIQ ETFs and 800-624-6782 for MainStay Funds®. Chart. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. Performance reflects a contractual fee waiver and/or expense limitation agreement in effect through 8/31/21, without which total returns may have been lower. Please be aware that certain types of cookies are necessary to browse our website and therefore cannot be disabled. The MainStay Funds® are managed by New York Life Investment Management LLC and distributed through NYLIFE Distributors LLC, 30 Hudson Street, Jersey City, NJ 07302, a wholly owned subsidiary of New York Life Insurance Company. It is calculated monthly by taking the sum of the trailing 12-month dividend payments divided by the last month's ending share price (NAV or POP) plus any capital gains distributed over previous 12 months. Privacy Notice, and Certain of the proposed takeover transactions in which the Fund invests may be renegotiated, terminated or involve a longer time frame than originally contemplated, which may negatively impact the Fund’s returns. Other Robinhood Financial fees may apply, check rbnhd.co/fees for details. IQ Merger Arbitrage ETF (MNA) 33.45 +0.09 ( +0.27% ) USD | ⦠How to hedge against sovereign debt, economic risks. ALPS Distributors, Inc. is not affiliated with NYLIFE Distributors LLC. HFRI ED Merger Arbitrage Index tracks the investment process primarily focused on opportunities in the equity and equity related instruments of companies which are currently ⦠Standard Deviation measures how widely dispersed a fund's returns have been over a specified period of time. This ETF offers exposure to a merger arbitrage strategy that has been popular among hedge funds and other sophisticated investors for decades. All rights reserved. Cookie Notice (). NYLIFE Distributors LLC is a Member FINRA/SIPC. One of the simplest forms of a true alternative suitable as part of a core alternatives allocation, placeholder, or liquidity vehicle. Any market price returns prior to May 31, 2016 were calculated using the day's closing price on the fund's primary exchange. IQ Merger Arbitrage ETF is an exchange-traded fund incorporated in the USA. These necessary cookies do not collect any personal information about you. Intraday data delayed at least 15 minutes or per exchange requirements. A high standard deviation indicates that the range is wide, implying greater potential for volatility. Liquid alternatives (liquid alts) are alternative investment strategies that are available through alternative investment vehicles such as mutual funds, ETFs, and closed-end funds that provide daily liquidity. Investing involves risk, including possible loss of principal. Historical and current end-of-day data provided by FACTSET. By seeking to capture the gap between the ultimate transaction price and current price levels for takeover targets, MNA is capable of delivering relatively stable returns that should exhibit low correlations to asset ⦠Price/Earnings Ratio is a valuation of a company's current share price compared to its per-share earnings and is not intended to demonstrate growth or income. Visit a quote page and your recently viewed tickers will be displayed here. 33.37 +0.02 (+0.06%) At close: May 14 ⦠After a Solid Q3, Can M&A ETF Soar in Q4? Merger Space Gains New ETF, New Strategy. Expenses stated are as of the fund's most recent prospectus. Before considering an investment in the Fund, you should understand that you could lose money. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. ETN Banks on Merger Arbitrage Strategy. It is calculated daily by annualizing the most recent dividend distribution and dividing by the daily share price (NAV or POP). qualified investors only as defined by local laws and regulations. NYLIFE Distributors LLC is a distributor of the ETFs. Sign up to get the latest on ideas and insights that matter most to you. ETFs in Focus, M&A ETFs Sizzling on Recent Deal Activities, "Merger Monday" to Benefit These ETFs, Merger Arbitrage ETF (MNA) Hits New 52-Week High. IQ Merger Arbitrage ETF has an MSCI ESG Fund Rating of BBB based on a score of 5.47 out of 10. The IQ ARB Merger Arbitrage ETF is an exception. When selecting ‘Accept and Continue’ you accept all categories of cookies. The SEC 30-day Yield is calculated by dividing the net investment income per share for the first 30 days of the month by the offering price per share at the end of that period. Subscriber Agreement & Terms of Use, By using this site you agree to the The Fund may experience a portfolio turnover rate of over 100% and may generate short term capital gains which are taxable. IndexIQ® is an indirect wholly owned subsidiary of New York Life Investment Management Holdings LLC and serves as the advisor to the IndexIQ ETFs. Add to watchlist. Log in to see them here or sign up to get started. ... ETFs. Since May 31, 2016, the price used to calculate the market price returns ("MP") is the mean between the day's last bid and ask prices on the fund's primary exchange. The Underlying Index seeks to invest in companies in developed markets which are involved in announced mergers, acquisitions and other buyout-related transactions. The yield reflects the dividends and interest earned during the period, after the deduction of the Fund's expenses. All quotes are in local exchange time. Something went wrong while loading Watchlist. Fund shares are not individually redeemable and will be issued and redeemed at their NAV only through certain authorized broker-dealers in large, specified blocks of shares called "creation units", and otherwise, can be bought and sold only through exchange trading. Please refer to the most recent Section 19 Notice, if applicable, for additional information regarding the composition of distributions. Please select your role so we can personalize the site to meet your needs. The market price returns do not represent returns an investor would receive if shares were traded at other times. The IQ Merger Arbitrage ETF seeks to track, before fees and expenses, the performance of the IQ Merger Arbitrage Index. MNA offers investors a relatively low-cost passively-managed fund that systematically harvests the merger arbitrage risk premium. If the Fund did not make any distributions over the previous 12 months, "N/A" will be displayed. Your email address is used only to identify you to Feb-10-16 04:19PM : IndexIQ Announces January 2016 Performance of Its IQ Hedge Family of Investable Benchmark Hedge Fund Replication Indexes. IndexIQ Announces February 2016 M&A Deal Holdings in IQ Merger Arbitrage ETF (Ticker: MNA) Business Wire. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. The Index seeks to achieve capital appreciation by investing in global companies for which there has been a public announcement of a takeover by an acquirer. Interactive Chart | ⦠The Underlying Index ⦠Yield reflects a fee waiver and/or expense limitation agreement without which the 30-day SEC Yield would have been lower. IQ Merger Arbitrage ETF (MNA) NYSEArca - NYSEArca Delayed Price. The top 10% of products in each product category receive 5stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Index seeks to achieve capital appreciation by investing in global companies for which there has been a public announcement of a takeover by an acquirer. This agreement renews automatically for one-year terms unless written notice is provided before the start of the next term or upon approval of the Board. IQ ARB Merger Arbitrage ETF (NYSEMKT:MNA)-- true to its name and ticker symbol -- gives investors a way to play the arbitrage market in the mergers and acquisitions game. The IQ Merger Arbitrage ETF seeks to track, before fees and expenses, the performance of the IQ Merger Arbitrage Index. Performance for other sales charges will differ based on differences in sales charges and expense structure. Merger Arbitrage ETFs employ merger arbitrage strategies, which involves capturing profit from the spread that occurs when an acquisition is announced and the final purchase price is set. Chart for MNA. Read the prospectus carefully before investing. S&P 500® Index is widely regarded as the standard index for measuring large-cap U.S. stock market performance. Performance data for the Index assumes reinvestment of dividends and is net of the management fees for the Index's components, as applicable, but it does not reflect management fees, transaction costs or other expenses that you would pay if you invested in the Fund directly. Distribution Rate: The distribution rate measures the percentage return in the form of dividends. Get IQ Merger Arbitrage ETF (MNA:NYSE Arca) real-time stock quotes, news, price and financial information from CNBC. The Fund is non-diversified and is susceptible to greater losses if a single portfolio investment declines than would a diversified fund. “New York Life Investments” is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company. Oct 12, 2010 8:00 AM EDT. There are currently no items in this Watchlist. AUM that are not denominated in USD are converted using spot rates as of the reporting date. In depth view into MNA (IQ Merger Arbitrage ETF) including performance, dividend history, holdings and portfolio stats. The fund, with nearly $620 million in assets as of Sept. 30, has annual operating expenses of 0.78%. For the best MarketWatch.com experience, please update to a modern browser. IQ Merger Arbitrage Index seeks to achieve capital appreciation by investing in global companies for which there has been a public announcement of a takeover by an acquirer. The fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the investments included in its underlying index. ETFs. By Roger Nusbaum. These risks may be greater for emerging markets. Nor are they liable for any direct or indirect technical or systems issues or any consequences arising out of your access to or your use of third-party technologies, sites, information and programs made available through this site. NOT FOR RETAIL DISTRIBUTION: This communication It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance (this does not include the effects of sales charges, loads, and redemption fees). transmission of this message. New York Life Investments uses cookies to personalize and improve your site experience and provide you with information about products and services tailored to your interests. Gain From Our Insights The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. IQ Merger Arbitrage ETF MNA Morningstar Analyst Rating Quantitative rating as of Mar 31, 2021. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks. AUM: As of September 30, 2020. The IQ Merger Arbitrage ETF (MNA) debuted over a decade ago as one of the first ETFs in the âliquid altsâ category, providing regular investors exposure to a ⦠Distributions may be comprised of ordinary income, net capital gains, and/or a return of capital (ROC) of your investment in the fund. No representation is being made that any investment will achieve performance similar to that shown. There is no guarantee that any strategies discussed will be effective. IQ Merger Arbitrage Index is the exclusive property of IndexIQ which has contracted with Structured Solutions to ⦠You can buy and sell IQ Merger Arbitrage ETF (MNA) and other ETFs, stocks, and options commission-free on Robinhood with real-time quotes, market data, and relevant news. The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. 12-month Rate: The 12-month rate measures the percentage return in the form of dividends. Add to watchlist. the recipient's address will be sold or used for any purpose other than Get detailed information about the IQ Merger Arbitrage ETF including Price, Charts, Technical Analysis, Historical data, IQ Merger Arbitrage Reports and more. Creation units are issued and redeemed principally in-kind. The Fund seeks investment results that correspond generally to the performance of its Underlying Index, the IQ ARB Global Merger Arbitrage Index. The IQ Merger Arbitrage ETF seeks to track, before fees and expenses, the performance of the IQ Merger Arbitrage Index. Assets under management includes the assets of the investment advisors affiliated with New York Life Insurance Company. When you link to any of the web sites provided herewith, you are leaving this site. The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the IQ Merger Arbitrage Index. If the Fund did not make a distribution as of the latest scheduled distribution date, "N/A" will be displayed. Create a list of the investments you want to track. This browser is no longer supported at MarketWatch. The average expense ratio is 0.77%. IQ Merger Arbitrage Index ETF Overview With 1 ETF traded in the U.S. markets, IQ Merger Arbitrage Index ETF gathers total assets under management of $734.38M. the recipient and in case of transmission errors. The ETF should be considered a speculative investment with a high degree of risk, does not represent a complete investment program and is not suitable for all investors. The Underlying Index seeks to invest in ⦠June WTI oil loses $2.13, or nearly 3.3%, to settle at $63.36/bbl, Gold extends winning streak to a 5th session as bitcoin tumbles, Nikola granted ‘performance’ awards valued at $567 million to executives last year, Worldwise: Rock & Roll Hall of Famer Chris Blackwell’s Favorite Things, U.S. dollar up 0.2% at 109.10 Japanese yen, Merger Arbs Are Confident Despite Whispers on Tiffany Deal, October’s record for M&A is a boon for merger-themed ETF, Stocks are ‘dangerously overvalued,’ M&A deals suggest, Got $1,000? Total Returns are calculated using the daily 4:00 pm ET net asset value (NAV). The strategy consistently generated superior returns with lower risk. ALPS Distributors, Inc. (ALPS) is the principal underwriter of the ETFs. Consider the Funds' investment objectives, risks, charges, and expenses carefully before investing. IQ Merger Arbitrage ETF Morningstar Risk-Adjusted Ratings: US Fund Market Neutral Category - Class Shares Overall Rating 4 stars out of 94 funds, 3 Year 3 stars out of 94 funds, 5 Year 4 stars out of 72 funds, 10 Year 4 stars out of 23 funds. The Fund seeks investment results that correspond generally to the performance of its Underlying Index, the IQ ARB Global Merger Arbitrage Index. Diversification does not eliminate the risk of experiencing investment losses. IQ Merger Arbitrage ETF advanced ETF charts by MarketWatch. Conversations. Our investment managers offer unparalleled domain expertise and diversity of thought, generating deeper insights alongside strong conviction to deliver better outcomes. Because the distribution rate and the 12-month rate may include a ROC, they should not be confused with yield or income. Provides diversification benefits and low correlation to other asset classes as returns are driven primarily by successful completion of deals. For more information about the types of cookies we use and how you can disable certain cookies, please visit our “Online Privacy Policy” which can be found under “Privacy and Other Policies". Currency in USD. This differentiated approach is based on a passive strategy of owning certain announced takeover targets, with the goal of generating returns that are representative of global merger arbitrage activity. As stated in the Fund's prospectus, the management fee of 0.75% is expressed as a unitary fee to cover expenses incurred in connection with managing the portfolio. Neither your address nor AUM is reported in USD. The Fund seeks investment results that correspond generally to the performance of its Underlying Index, the IQ ARB Global Merger Arbitrage Index. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. Enhance your portfolio’s potential while advancing social good with IQ Healthy Hearts ETF (HART). ©2021 New York Life Investment Management LLC. Business Wire. ETF strategy - IQ MERGER ARBITRAGE ETF - Current price data, news, charts and performance This allowed event driven hedge funds to charge a management and performance fee for the superior management of your investment funds.
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