Bringing you live news and features since 2006 

IndexIQ Merger Arbitrage ETF (MNA) hits USD1bn mark


IndexIQ, a New York Life Investments Company and a leading provider of innovative investment solutions, proudly announces that the IQ Merger Arbitrage ETF (MNA) has surpassed USD1 billion in assets under management (AUM).

“When we launched MNA nearly a decade ago, we knew we were breaking new ground for ETF investors. To that point, there were no low cost, liquid, transparent means through which to add merger arbitrage exposure to a portfolio. That meant investors were missing the opportunity to add the risk mitigation and volatility dampening aspects that merger arb can provide,” says Sal Bruno, chief investment officer of IndexIQ.

“Merger arbitrage strategies have historically generated relatively stable returns, and global M&A activity remains robust. With global growth, Brexit and trade driving volatility into the markets, and in an uncertain interest rate environment, investors are looking for solutions to help them maintain market exposure while still managing downside participation.”

MNA joins IQ Hedge Multi-Strategy ETF (QAI), another IndexIQ ETF, as only the second liquid alternative ETF in the industry to have passed the $1 billion threshold.

“IndexIQ was founded with the belief that investment management needed to be democratised, allowing investors and advisors of all types to access institutional-quality strategies,” adds Jon Zimmerman, chief operating officer of IndexIQ. “It was a radical idea at the time, but we’re proud of the response that our family of ETFs has generated over the past 10 years, and we’re just as excited to continue to bring innovative new approaches to the marketplace.”

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by