MRGR
ProShares Merger ETFMRGR Fund Description
MRGR tracks an index of developed-market equities involved in merger deals, with long exposure to target firms and short exposure to acquiring firms. The fund is net long and hedges FX risk.
MRGR Factset Analytics Insight
MRGR launched its merger arbitrage strategy ETF in December 2012 and in two years, investors haven't yet bitten—AUM remains tiny. The fund is 80%+ net long in equities—this doesn’t necessarily diminish its value as an M&A strategy, but those looking for low correlation to equities should consider other funds. MRGR holds about 30 names directly and gets additional long exposure and all of its short exposure with swaps. Use of swaps for shorts keeps the headline fee low, although short expenses still flow through to the bottom line. MRGR charges a competitive fee but trades poorly so far.
MRGR MSCI ESG Analytics Insight
ProShares Merger ETF has an MSCI ESG Fund Rating of BB based on a score of 4.05 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. ProShares Merger ETF ranks in the 20th percentile within its peer group and in the 0th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
MRGR Charts And Performance
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MRGR Summary Data
MRGR Portfolio Data
MRGR Index Data
MRGR Portfolio Management
MRGR Tax Exposures
MRGR Fund Structure
MRGR Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of MRGR. MRGR is rated a N/A out of 5.
MRGR Tradability
MRGR Asset Allocation
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MRGR Top 5 Holdings Short
MRGR Performance Statistics
MRGR Correlations (Daily Returns 12 Mo)
MRGR MSCI ESG Ratings
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Terms of Use
MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.