MNA IQ Merger Arbitrage ETF
MNA Fund Description
MNA tracks an index that uses a merger arbitrage strategy with long exposure to takeover targets and short exposure to broad global equity indexes.
MNA Factset Analytics Insight
MNA aims to generate returns through a passive strategy that represents the global merger arbitrage activity. The fund takes long positions in stocks that are reported targets of takeovers or acquisitions and other buyout-related transactions. The underlying index seeks to capitalize on the spread between the target company’s current market stock price and the price of that stock received by the holder from the buyout transaction. Rather than directly shorting the acquiring name, the fund partially offsets long stakes with broad equity indexes. The resulting net long equity position should aid in keeping correlations low over a period of time, and the approach hopes to reduce expenses since it avoids 100% short positions.
MNA Portfolio Management
MNA Tax Exposures
MNA Fund Structure
MNA Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of MNA. MNA is rated a N/A out of 5.
MNA Asset Allocation