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 CHARTS AND PERFORMANCE
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MRGR Portfolio 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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Long
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MRGR Top 5 Holdings Short
MRGR Performance Statistics
MRGR Correlations (DAILY RETURNS 12 MO)
Correlation (Rolling 30 Day, 12 Mo)
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