IndexIQ Celebrates the Listing of the IQ ARB Merger Arbitrage ETF on NYSE Arca (NYSE Arca-Listed MNA). In honor of the occasion, Chief Executive Officer Adam S. Patti rings The Opening BellSM.
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About the IQ ARB Merger Arbitrage ETF (NYSE Arca: MNA)
The Fund seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of its Underlying Index, the IQ ARB Merger Arbitrage Index, developed by IndexIQ. The Underlying Index’s objective is 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. The Underlying Index seeks to capitalize on the spread between the current market price of the target company’s stock and the price received by the holder of that stock upon consummation of the buyout-related transaction.
About IndexIQ
IndexIQ is a leading developer of index-based alternative investment solutions that combine the benefits of traditional index investing with the risk-adjusted return potential sought by the best active managers. The company’s philosophy is to democratize investment management by making innovative alternative investment strategies available to all investors in low cost, liquid, transparent and tax-efficient products. IndexIQ strategies are marketed through the company’s proprietary investment products and select partnerships with leading global financial institutions. Additional information about the company and its products can be found at www.IndexIQ.com. (Source: IndexIQ)
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