MNA

NYLI Merger Arbitrage ETF

$35.67

+0.00%

Market closed. Last update: 12:28 PM ET

📎 Investment Objective

The MNA - NYLI Merger Arbitrage ETF seeks to provide investment results that correspond generally to the performance of the NYLI Merger Arbitrage Index, which is designed to provide exposure to a merger arbitrage strategy.

Overview

ETF tracking NYLI Merger Arbitrage ETF

Category Alternative

Issuer Other

Inception Date 2009-11-17

Market Cap $253.3M

Average Volume N/A

Dividend Yield N/A

52-Week Range $32.60 - $36.01

VWAP $35.72

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The ETF invests primarily in equity securities of companies that are the targets of announced mergers, acquisitions, tender offers, leveraged buyouts, and other corporate reorganizations. The fund aims to profit from the spread between the current market price of the target company's shares and the price to be paid for those shares in the proposed transaction.

✨ Key Features

Exposure to a merger arbitrage investment strategy
Invests in equity securities of companies involved in announced corporate transactions
Seeks to profit from the spread between current market price and acquisition price
Passively tracks the NYLI Merger Arbitrage Index

⚠️ Primary Risks

Merger deal risk - if a proposed transaction is not completed, the fund could experience losses
Liquidity risk - some merger arbitrage positions may be less liquid, increasing transaction costs
Market risk - the fund's performance is subject to overall market and economic conditions
Concentration risk - the fund's investments are concentrated in the merger arbitrage strategy

👤 Best For

The MNA ETF may be suitable for investors seeking alternative sources of returns that are less correlated with the broader equity market. It is best suited for experienced investors with a higher risk tolerance who understand the unique risks of merger arbitrage strategies.