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ETFs

IQ ARB Merger Arbitrage ETF

MNA
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 17, 2009
Expense Ratio
0.77%
Type
Global Hedge Fund
Fund Owner
Index IQ
Volume (1m avg. daily)
$897,216
AUM
$467,070,255
Associated Index
IQ Merger Arbitrage Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

CPRI
Capri Holdings Ltd
7.94%
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Abcam - ADR (Sponsored)
7.93%
4185
JSR Corporation
7.00%
HZNP
Horizon Therapeutics Plc
6.97%
SGEN
Seagen Inc
6.91%
DEN
Denbury Inc. - Ordinary Shares - New
6.83%
RETA
Reata Pharmaceuticals Inc - Ordinary Shares - Class A
6.76%
6502
Toshiba Corporation
5.05%
n/a
DREY INST PREF GOV MM INST 6546
4.75%
ORG
Origin Energy Limited
4.72%
Invest with MNA

What is MNA?

The IQ Merger Arbitrage ETF seeks to track before fees and expenses the performance of the IQ Merger Arbitrage Index. 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. This differentiated approach is based on a passive strategy of owning certain announced takeover targets with the goal of generating returns that are representative of global merger arbitrage activity. The Index also includes short exposure to global equities as a partial equity market hedge. Merger arbitrage is a directional hedge fund strategy. The IQ Merger Arbitrage ETF is not a hedge fund and does not invest in hedge funds.

ETFs related toMNA

ETFs correlated to MNA include CSB, ACWV, QQXT

MNA
IndexIQ ETF Trust - IQ Merger Arbitrage ETF
CSB
Victory Portfolios II - VictoryShares US Small Cap High Div Volatility Wtd ETF
ACWV
BlackRock Institutional Trust Company N.A. - iShares MSCI Global Min Vol Factor ETF
QQXT
First Trust Exchange-Traded Fund III - First Trust Nasdaq-100 Ex-Technology Sector Index Fund
QEFA
SSgA Active Trust - SPDR MSCI EAFE StrategicFactors SM ETF
SCHA
Schwab Strategic Trust - Schwab U.S. Small-Cap ETF
GCOW
Pacer Funds Trust - Pacer Global Cash Cows Dividend ETF
RSP
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight ETF
FNDA
Schwab Strategic Trust - Schwab Fundamental U.S. Small Company Index ETF
SCHM
Schwab Strategic Trust - Schwab U.S. Mid-Cap ETF
IWM
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

News Related to MNA

Global Dealmaking Drops To Lowest Level Since Onset Of Pandemic: FT

Apr 1, 2022 • by Akanksha Bakshi
Global Dealmaking Drops To Lowest Level Since Onset Of Pandemic: FT
Read

Merger Arbitrage ETF Tops $1 Billion in Assets

Apr 20, 2019 • by ETF Professor
Read

How Hedge Funds Select Their Managers

Feb 9, 2017 • by Benzinga
Read

How To Invest In Hedge Funds (When You Don't Understand Them)

Feb 8, 2017 • by Benzinga
Read

FAQ

MNA is a Global Hedge Fund ETF. The IQ Merger Arbitrage ETF seeks to track before fees and expenses the performance of the IQ Merger Arbitrage Index. 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. This differentiated approach is based on a passive strategy of owning certain announced takeover targets with the goal of generating returns that are representative of global merger arbitrage activity. The Index also includes short exposure to global equities as a partial equity market hedge. Merger arbitrage is a directional hedge fund strategy. The IQ Merger Arbitrage ETF is not a hedge fund and does not invest in hedge funds.

MNA tracks the IQ Merger Arbitrage Index.

No, MNA is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, MNA is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MNA is 0.0057%. This is the percent change in the value of MNA over the most recent 1-month period. The 3-month return on MNA is 0.0144%. This is the percent change in the value of MNA over the most recent 3-month period.

The standard deviation of MNA for the past year is 0.0516%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to MNA include PFF, PGF, and PGX.

ETFs correlated to MNA include CSB, ACWV, and QQXT.

ETFs that are inversely correlated to MNA include TZA, SRTY, and RWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.