The headline-making M&A deals aren’t translating into blockbuster returns for ETFs in the segment.
Global macro expert says U.S. stocks look more attractive against world backdrop.
Despite spate of big deals, ETFs based on mergers and acquisitions reamain flat.
IndexIQ’s chief of investments discusses his firm’s hedge funds and merger-arbitrage ETFs.
ProShares rolled out a merger-arbitrage ETF in mid-December that tracks the S&P Merger Arbitrage Index; the benchmark seeks to capture the spread between the actual stock price of a company targeted for acquisition at the time of the deal’s announcement and the price the acquiring company has said it will pay.
The latest addition to the BATS board will go head-to-head with an IndexIQ ETF.
ProShares registers specialized ETFs aimed at mergers and takeovers, and private equity, respectively.
Even the name stirs controversy. Whether called absolute return, hedge fund style or alternative assets, this group of ETFs boldly veers off the well-trodden path of beta-one passive investing.