Seeking Alpha

Credit Suisse Merger Arbitrage Liquid Index ETN (CSMA)

  • Tue, Aug. 11, 5:03 AM
    • Global mergers and acquisitions are on pace this year to hit the highest level on record, thanks to record buying sprees from companies on the hunt for growth.
    • According to data provider Dealogic, takeover-deals would reach $4.58T this year if the current pace of activity continues, comfortably above the $4.29T notched in 2007.
    • The latest to add to the tally is Berkshire Hathaway's $37.2B acquisition of Precision Castparts.
    | Tue, Aug. 11, 5:03 AM | 1 Comment
  • Sep. 17, 2014, 1:20 PM
    • The Stock Split Index Fund (NYSE:TOFR) began trading yesterday, marking a break from United States Commodity Funds' historical focus on commodity ETFs.
    • TOFR seeks to capture the price appreciation that can follow stock splits, using the 2 for 1 Index.
    • "Investors and investment professionals have both been taught that stock splits really shouldn't impact a stock's performance, but there has been a lot of material published that demonstrates that stock splits, do in fact, matter" stated John Hyland in a press release.
    • Other alternative
    • Other ETFs invested in company changes: CSD, NFO, RYJ, KNOW, MNA, CSMA, MRGR, ALTL, CSMB
    | Sep. 17, 2014, 1:20 PM | 1 Comment
CSMA vs. ETF Alternatives
CSMA Description
The return on the ETNs is based on the performance of the Credit Suisse Merger Arbitrage Liquid Index (Net) (the "CS Merger Arbitrage Liquid Index" or the "Index"). CS Merger Arbitrage Liquid Index is reported on Bloomberg under the ticker CSLABMN and attempts to employ a merger arbitrage strategy by using a quantitative methodology to track a dynamic basket of securities held as long or short positions and cash weighted in accordance with the index rules to reflect publicly announced merger transactions that meet certain qualifying conditions.
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Country: United States
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