IQ ARB Merger Arbitrage ETF(MNA)- NYSEARCA
MNA Description
The IQ ARB Merger Arbitrage ETF seeks to track, before fees and expenses, the performance of the IQ ARB Merger Arbitrage Index. 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 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. The Index also includes short exposure to global equities as a partial equity market hedge.
See more details on sponsor's website
Country: United States
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub