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IQ Merger Arbitrage ETF (MNA)

27.44 Down 0.14(0.51%) Sep 22, 4:00PM EDT
Prev Close:27.58
Bid:27.21 x 100
Ask:27.68 x 100
Net Assets²:60.56M
YTD Return (Mkt)²:3.92%
Day's Range:27.33 - 27.55
52wk Range:26.39 - 28.24
Avg Vol (3m):23,369
P/E (ttm)²:23
Yield (ttm)²:0.96

¹As of Sep 19, 2014

²As of Aug 31, 2014

Quotes delayed, except where indicated otherwise. Currency in USD.


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Fund Basics

Category:Market Neutral
Fund Family:IndexIQ
Total Assets:60.56M
Legal Type:Exchange Traded Fund

Performance & Risk

YTD Return:3.92%
3y Avg Return:4.21%
5y Avg Return:NaN
Beta (3y):-0.13

Fund Summary

The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the IQ Merger Arbitrage Index. The fund employs a "passive management" to track the performance of the underlying index, which was developed by Financial Development Holdco LLC ("IndexIQ"). The underlying index seeks to employ a systematic investment process designed to identify opportunities in companies whose equity securities trade in developed markets, including the U.S., and which are involved in announced mergers, acquisitions and other buyout-related transactions. It is non-diversified. View More
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