Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks. Chart for MNA. IQ Merger Arbitrage Index seeks to achieve capital appreciation by investing in global companies for which there has been a public announcement of a takeover by an acquirer. The yield reflects the dividends and interest earned during the period, after the deduction of the Fund's expenses. IQ Merger Arbitrage ETF is an exchange-traded fund incorporated in the USA. The IQ Merger Arbitrage ETF seeks to track, before fees and expenses, the performance of the IQ Merger Arbitrage Index. 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. Something went wrong while loading Watchlist. Have Watchlists? 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 fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the investments included in its underlying index. Intraday Data provided by FACTSET and subject to terms of use. There are currently no items in this Watchlist. Subscriber Agreement & Terms of Use,
Tax-efficient rules-based approach to provide exposure to global merger arbitrage activity. Dec 14, 2012 8:47 AM EST. “New York Life Investments” is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company. After a Record Q3, Can M&A Soar in Q4? Intraday data delayed at least 15 minutes or per exchange requirements. AUM: As of September 30, 2020. The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the IQ Merger Arbitrage Index. IQ Merger Arbitrage ETF (MNA) 33.45 +0.09 ( +0.27% ) USD | ⦠Merger Space Gains New ETF, New Strategy. has been prepared exclusively for institutional/wholesale/professional clients and
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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. 33.37 +0.02 (+0.06%) At close: May 14 ⦠Please refer to the most recent Section 19 Notice, if applicable, for additional information regarding the composition of distributions. NYLIFE Distributors LLC is a Member FINRA/SIPC. In depth view into MNA (IQ Merger Arbitrage ETF) including performance, dividend history, holdings and portfolio stats. Before considering an investment in the Fund, you should understand that you could lose money. 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. The Index seeks to achieve capital appreciation by investing in global companies for which there has been a public announcement of a takeover by an acquirer. Feb-10-16 04:19PM : IndexIQ Announces January 2016 Performance of Its IQ Hedge Family of Investable Benchmark Hedge Fund Replication Indexes. 12-month Rate: The 12-month rate measures the percentage return in the form of dividends. Consider the Funds' investment objectives, risks, charges, and expenses carefully before investing. It is calculated daily by annualizing the most recent dividend distribution and dividing by the daily share price (NAV or POP). the recipient's address will be sold or used for any purpose other than
NYLIFE Distributors LLC is a Member of FINRA/SIPC. ETFs. The Fund seeks investment results that correspond generally to the price and yield performance of ⦠Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The Index seeks to achieve capital appreciation by investing in global companies for which there has been a public announcement of a takeover by an acquirer. The market price returns do not represent returns an investor would receive if shares were traded at other times. Expenses stated are as of the fund's most recent prospectus. Diversification does not eliminate the risk of experiencing investment losses. The Fund is non-diversified and is susceptible to greater losses if a single portfolio investment declines than would a diversified fund. Nor are they liable for any direct or indirect technical or systems issues or any consequences arising out of your access to or your use of third-party technologies, sites, information and programs made available through this site. IQ Merger Arbitrage ETF Morningstar Risk-Adjusted Ratings: US Fund Market Neutral Category - Class Shares Overall Rating 4 stars out of 94 funds, 3 Year 3 stars out of 94 funds, 5 Year 4 stars out of 72 funds, 10 Year 4 stars out of 23 funds. IQ Merger Arbitrage Index is the exclusive property of IndexIQ which has contracted with Structured Solutions to ⦠The IQ Merger Arbitrage fund also uses short positions as a risk-hedging mechanism. IQ Merger Arbitrage Index seeks to achieve capital appreciation by investing in global companies for which there has been a public announcement of a takeover by an acquirer. NYLIFE Distributors LLC is a distributor of the ETFs. By seeking to capture the gap between the ultimate transaction price and current price levels for takeover targets, MNA is capable of delivering relatively stable returns that should exhibit low correlations to asset ⦠Business Wire. the recipient and in case of transmission errors. Read the prospectus carefully before investing. NYLIFE Distributors LLC is located at 30 Hudson Street, Jersey City, NJ 07302. The Fund seeks investment results that track, before fees and expenses, the price and yield performance of the IQ Merger Arbitrage Index. Returns represent past performance which is no guarantee of future results. This allowed event driven hedge funds to charge a management and performance fee for the superior management of your investment funds. Because the distribution rate and the 12-month rate may include a ROC, they should not be confused with yield or income. The prospectus, or summary prospectus, and the statement of additional information include this and other relevant information about the Funds and are available by calling (888) 474-7725 for IndexIQ ETFs and 800-624-6782 for MainStay Funds®. Get IQ Merger Arbitrage ETF (MNA:NYSE Arca) real-time stock quotes, news, price and financial information from CNBC. One cannot invest directly in an 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. S&P 500® Index is widely regarded as the standard index for measuring large-cap U.S. stock market performance. This browser is no longer supported at MarketWatch. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. MSCI World Index is a free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of developed markets. Conversations. Assets under management includes the assets of the investment advisors affiliated with New York Life Insurance Company. 33.00 +0.05 (+0.15%) At close: 4:00PM EDT. One of the simplest forms of a true alternative suitable as part of a core alternatives allocation, placeholder, or liquidity vehicle. Create a list of the investments you want to track. AUM that are not denominated in USD are converted using spot rates as of the reporting date. 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. Cookie Notice (). Please select your role so we can personalize the site to meet your needs. Oct 12, 2010 8:00 AM EDT. This ETF offers exposure to a merger arbitrage strategy that has been popular among hedge funds and other sophisticated investors for decades. Final determination of a distribution’s tax character will be made on Form 1099 DIV sent to shareholders each January. IndexIQ Announces February 2016 M&A Deal Holdings in IQ Merger Arbitrage ETF (Ticker: MNA) Business Wire. Summary. By using this site you agree to the
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. Historical and current end-of-day data provided by FACTSET. Visit a quote page and your recently viewed tickers will be displayed here. Results prior to an Index component's existence as an ETF are based on its underlying index, which do not reflect underlying management fees. Investment return and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Alternative risk premia strategies seek to systematically provide investors with exposure to long‐term sources of return uncorrelated to traditional equity and bond markets across several investment styles such as value, momentum, volatility, market neutral, etc. Creation units are issued and redeemed principally in-kind. Performance reflects a contractual fee waiver and/or expense limitation agreement in effect through 8/31/21, without which total returns may have been lower. 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". If the Fund did not make a distribution as of the latest scheduled distribution date, "N/A" will be displayed. Currency in USD. After a Solid Q3, Can M&A ETF Soar in Q4? Copyright © 2021 MarketWatch, Inc. All rights reserved. Other Robinhood Financial fees may apply, check rbnhd.co/fees for details. 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. 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. 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. Chart. transmission of this message. Distributions may be comprised of ordinary income, net capital gains, and/or a return of capital (ROC) of your investment in the fund. Yield reflects a fee waiver and/or expense limitation agreement without which the 30-day SEC Yield would have been lower. Index performance is for illustrative purposes only and does not represent actual Fund performance. The mutual funds may be offered and sold only to persons in the United States. The Fund seeks investment results that correspond generally to the performance of its Underlying Index, the IQ ARB Global Merger Arbitrage Index. The strategies discussed are strictly for illustrative and educational purposes and are not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. For the best MarketWatch.com experience, please update to a modern browser. The information being provided is strictly as a courtesy. IQ Merger Arbitrage ETF Review Merger arbitrage was once the bastion of event driven professional traders everywhere. 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. NOT FOR RETAIL DISTRIBUTION: This communication
The IQ Merger Arbitrage ETF seeks to track, before fees and expenses, the performance of the IQ Merger Arbitrage Index. Log in to see them here or sign up to get started. This agreement renews automatically for one-year terms unless written notice is provided before the start of the next term or upon approval of the Board. Enhance your portfolio’s potential while advancing social good with IQ Healthy Hearts ETF (HART). The IQ ARB Merger Arbitrage ETF is an exception. 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. AUM is reported in USD. Any market price returns prior to May 31, 2016 were calculated using the day's closing price on the fund's primary exchange. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance (this does not include the effects of sales charges, loads, and redemption fees). ... ETFs. Performance for other sales charges will differ based on differences in sales charges and expense structure. IQ Merger Arbitrage Index ETF Overview With 1 ETF traded in the U.S. markets, IQ Merger Arbitrage Index ETF gathers total assets under management of $734.38M. No representation is being made that any investment will achieve performance similar to that shown. These risks may be greater for emerging markets. 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. The top 10% of products in each product category receive 5stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. When you link to any of the web sites provided herewith, you are leaving this site. A high standard deviation indicates that the range is wide, implying greater potential for volatility. qualified investors only as defined by local laws and regulations. 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. Privacy Notice, and
ETF strategy - IQ MERGER ARBITRAGE ETF - Current price data, news, charts and performance 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. Sign up to get the latest on ideas and insights that matter most to you. As stated in the Fund's prospectus, the management fee of 0.75% is expressed as a unitary fee to cover expenses incurred in connection with managing the portfolio. The Fund’s investment strategy may result in high portfolio turnover, which, in turn, may result in increased transaction costs to the Fund and lower total returns. The Underlying Index ⦠IQ Merger Arbitrage ETF has an MSCI ESG Fund Rating of BBB based on a score of 5.47 out of 10. The IQ Merger Arbitrage ETF seeks to track, before fees and expenses, the performance of the IQ Merger Arbitrage Index. 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. There is no guarantee that any strategies discussed will be effective. By Roger Nusbaum. Distribution Rate: The distribution rate measures the percentage return in the form of dividends. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. Investing involves risk, including possible loss of principal. Please be aware that certain types of cookies are necessary to browse our website and therefore cannot be disabled. ©2021 New York Life Investment Management LLC. 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. Get detailed information about the IQ Merger Arbitrage ETF including Price, Charts, Technical Analysis, Historical data, IQ Merger Arbitrage Reports and more. How to hedge against sovereign debt, economic risks. IQ Merger Arbitrage ETF MNA Morningstar Analyst Rating Quantitative rating as of Mar 31, 2021. IndexIQ® is an indirect wholly owned subsidiary of New York Life Investment Management Holdings LLC and serves as the advisor to the IndexIQ ETFs. AUM beginning in 2012 excludes Assets under Administration.
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