Iq Merger Arbitrage Etf Profile
| MNA Etf | USD 32.84 0.06 0.18% |
Performance1 of 100
| Odds Of DistressLess than 9
|
IQ Merger is trading at 32.84 as of the 28th of November 2024, a 0.18 percent increase since the beginning of the trading day. The etf's open price was 32.78. IQ Merger has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat weak performance during the last 90 days. Equity ratings for IQ Merger Arbitrage are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of December 2022 and ending today, the 28th of November 2024. Click here to learn more.
The fund invests at least 80 percent of its net assets, plus the amount of any borrowings for investment purposes, in the investments included in its underlying index. IQ Merger is traded on NYSEARCA Exchange in the United States. More on IQ Merger Arbitrage
MNA Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Long/short ETFs, Strategy ETFs, Event Driven, IndexIQ (View all Sectors) |
| Issuer | New York Life Investments |
| Inception Date | 2009-11-16 |
| Benchmark | NYLI Merger Arbitrage Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 218.44 Million |
| Average Trading Valume | 22,124.4 |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Long/Short |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | The Bank of New York Mellon Corporation |
| Advisor | New York Life Investment Management LLC |
| Custodian | The Bank of New York Mellon Corporation |
| Distributor | ALPS Distributors, Inc. |
| Portfolio Manager | Greg Barrato, Francis Ok |
| Transfer Agent | The Bank of New York Mellon Corporation |
| Fiscal Year End | 31-Mar |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 95.0 |
| Market Maker | Virtu Financial |
| Total Expense | 0.77 |
| Management Fee | 0.75 |
| Country Name | USA |
| Returns Y T D | 4.36 |
| Name | IQ Merger Arbitrage ETF |
| Currency Code | USD |
| Open Figi | BBG000BBBDD7 |
| In Threey Volatility | 4.07 |
| 1y Volatility | 4.15 |
| 200 Day M A | 31.9351 |
| 50 Day M A | 32.8574 |
| Code | MNA |
| Updated At | 27th of November 2024 |
| Currency Name | US Dollar |
IQ Merger Arbitrage [MNA] is traded in USA and was established 2009-11-17. The fund is classified under Event Driven category within IndexIQ family. The entity is thematically classified as Long/short ETFs. IQ Merger Arbitrage now have 552.12 M in assets. , while the total return for the last 3 years was 0.8%.
Check IQ Merger Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on MNA Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding MNA Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as IQ Merger Arbitrage Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
IQ Merger Arbitrage Currency Exposure
IQ Merger Arbitrage holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of IQ Merger will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in IQ Merger Arbitrage.
Top IQ Merger Arbitrage Etf Constituents
| EV | Mast Global Battery | Etf | Natural Resources | |
| INFO | Harbor ETF Trust | Etf | Large Blend | |
| HUN | Huntsman | Stock | Materials | |
| NXPI | NXP Semiconductors NV | Stock | Information Technology | |
| SHV | iShares Short Treasury | Etf | Ultrashort Bond | |
| CA | Xtrackers California Municipal | Etf | Muni California Intermediate | |
| DYN | Dyne Therapeutics | Stock | Health Care | |
| XLE | Energy Select Sector | Etf | Equity Energy |
IQ Merger Top Holders
| TNMIX | 1290 Multi Alternative Strategies | Mutual Fund | Multistrategy | |
| TNMAX | 1290 Multi Alternative Strategies | Mutual Fund | Multistrategy | |
| TNMRX | 1290 Multi Alternative Strategies | Mutual Fund | Multistrategy | |
| QALTX | Quantified Alternative Investment | Mutual Fund | Macro Trading | |
| QALAX | Quantified Alternative Investment | Mutual Fund | Macro Trading | |
| DALT | Regents Park Funds | Etf | Multistrategy |
IQ Merger Arbitrage Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in IQ Merger. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.0035 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.60) |
IQ Merger Against Markets
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in IQ Merger Arbitrage. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
The market value of IQ Merger Arbitrage is measured differently than its book value, which is the value of MNA that is recorded on the company's balance sheet. Investors also form their own opinion of IQ Merger's value that differs from its market value or its book value, called intrinsic value, which is IQ Merger's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because IQ Merger's market value can be influenced by many factors that don't directly affect IQ Merger's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between IQ Merger's value and its price as these two are different measures arrived at by different means. Investors typically determine if IQ Merger is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IQ Merger's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.