Please be aware that certain types of cookies are necessary to browse our website and therefore cannot be disabled. The Fund seeks investment results that correspond generally to the performance of its Underlying Index, the IQ ARB Global Merger Arbitrage Index. Subscriber Agreement & Terms of Use, 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. One cannot invest directly in an index. 12-month Rate: The 12-month rate measures the percentage return in the form of dividends. 33.00 +0.05 (+0.15%) At close: 4:00PM EDT. This browser is no longer supported at MarketWatch. When selecting ‘Accept and Continue’ you accept all categories of cookies. Historical and current end-of-day data provided by FACTSET. 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. Cookie Notice (). Oct 12, 2010 8:00 AM EDT. ETFs. Dec 14, 2012 8:47 AM EST. One of the simplest forms of a true alternative suitable as part of a core alternatives allocation, placeholder, or liquidity vehicle. Expenses stated are as of the fund's most recent prospectus. If the Fund did not make any distributions over the previous 12 months, "N/A" will be displayed. Sign up to get the latest on ideas and insights that matter most to you. IQ Merger Arbitrage ETF (MNA) 33.45 +0.09 ( +0.27% ) USD | ⦠Access to our extensive library of product and market insights and materials. IndexIQ® is an indirect wholly owned subsidiary of New York Life Investment Management Holdings LLC and serves as the advisor to the IndexIQ ETFs. When you link to any of the web sites provided herewith, you are leaving this site. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Merger Space Gains New ETF, New Strategy. Currency in USD. NYLIFE Distributors LLC is a distributor of the ETFs. Add to watchlist. For the best MarketWatch.com experience, please update to a modern browser. Index performance is for illustrative purposes only and does not represent actual Fund performance. the recipient's address will be sold or used for any purpose other than 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. Our investment managers offer unparalleled domain expertise and diversity of thought, generating deeper insights alongside strong conviction to deliver better outcomes. The average expense ratio is 0.77%. 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. Performance for other sales charges will differ based on differences in sales charges and expense structure. The fund, with nearly $620 million in assets as of Sept. 30, has annual operating expenses of 0.78%. Business Wire. Historical data for the IQ Merger Arbitrage ETF (MNA) as well as the closing price, open, high, low, change and %change. Distributions may be comprised of ordinary income, net capital gains, and/or a return of capital (ROC) of your investment in the fund. The Fund is non-diversified and is susceptible to greater losses if a single portfolio investment declines than would a diversified fund. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks. 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? 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. Tax-efficient rules-based approach to provide exposure to global merger arbitrage activity. IQ Merger Arbitrage ETF MNA Morningstar Analyst Rating Quantitative rating as of Mar 31, 2021. The yield reflects the dividends and interest earned during the period, after the deduction of the Fund's expenses. 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. 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. NYLIFE Distributors LLC is a Member of FINRA/SIPC. ALPS Distributors, Inc. (ALPS) is the principal underwriter of the ETFs. View MNA exchange traded fund data and compare to other ETFs, stocks and exchanges. AUM that are not denominated in USD are converted using spot rates as of the reporting date. The mutual funds may be offered and sold only to persons in the United States. 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. Feb-10-16 04:19PM : IndexIQ Announces January 2016 Performance of Its IQ Hedge Family of Investable Benchmark Hedge Fund Replication Indexes. ETN Banks on Merger Arbitrage Strategy. 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 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. Standard Deviation measures how widely dispersed a fund's returns have been over a specified period of time. Assets under management includes the assets of the investment advisors affiliated with New York Life Insurance Company. Enhance your portfolio’s potential while advancing social good with IQ Healthy Hearts ETF (HART). Log in to see them here or sign up to get started. NOT FOR RETAIL DISTRIBUTION: This communication Total Returns are calculated using the daily 4:00 pm ET net asset value (NAV). IQ Merger Arbitrage ETF is an exchange-traded fund incorporated in the USA. 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". 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. Create a list of the investments you want to track. The Index also includes short exposure to global equities as a partial equity market hedge. Current performance may be lower or higher. It is calculated daily by annualizing the most recent dividend distribution and dividing by the daily share price (NAV or POP). There is no guarantee that any strategies discussed will be effective. The IQ Merger Arbitrage ETF seeks to track, before fees and expenses, the performance of 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. After a Solid Q3, Can M&A ETF Soar in Q4? AUM is reported in USD. 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. Consider the Funds' investment objectives, risks, charges, and expenses carefully before investing. IQ Merger Arbitrage ETF (MNA) NYSEArca - NYSEArca Delayed Price. 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. 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. 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. Neither your address nor Results prior to an Index component's existence as an ETF are based on its underlying index, which do not reflect underlying management fees. Currency in USD. Add to watchlist. Privacy Notice, and 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. These necessary cookies do not collect any personal information about you. AUM beginning in 2012 excludes Assets under Administration. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. 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. the recipient and in case of transmission errors. Get detailed information about the IQ Merger Arbitrage ETF including Price, Charts, Technical Analysis, Historical data, IQ Merger Arbitrage Reports and more. This allowed event driven hedge funds to charge a management and performance fee for the superior management of your investment funds. Does not reflect the effect of any sales charge, which would reduce performance shown. After a Record Q3, Can M&A Soar in Q4? Please select your role so we can personalize the site to meet your needs. The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the IQ Merger Arbitrage Index. transmission of this message. 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. has been prepared exclusively for institutional/wholesale/professional clients and Please refer to the most recent Section 19 Notice, if applicable, for additional information regarding the composition of distributions. 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. The Underlying Index ⦠NYLIFE Distributors LLC is located at 30 Hudson Street, Jersey City, NJ 07302. Other Robinhood Financial fees may apply, check rbnhd.co/fees for details. The Fund seeks investment results that correspond generally to the performance of its Underlying Index, the IQ ARB Global Merger Arbitrage Index. 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. The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the IQ Merger Arbitrage Index. 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. 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. The Underlying Index seeks to invest in ⦠Investing involves risk, including possible loss of principal. All rights reserved. Interactive Chart | ⦠IndexIQ Announces February 2016 M&A Deal Holdings in IQ Merger Arbitrage ETF (Ticker: MNA) Business Wire.
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