IndexIQ
a pioneer and leading provider of innovative investment solutions, today
announced the mergers and acquisitions (M&A) deals to which investors
can gain exposure in the IQ Merger Arbitrage ETF (Ticker:MNA).
MNA was the industry’s first exchange-traded fund (ETF) to give
investors exposure to global corporate M&A activity, which has been
rapidly increasing.
As of October 10, 2015, the deals that were added to and removed from
the IQ Merger Arbitrage ETF are as follows:
M&A Deals Added to the MNA ETF
Target
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Acquirer
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Target
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Target
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Announce
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Added
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Name
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Name
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Sector
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Country
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Date
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Date
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Cablevision Systems Corp.
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Altice NV
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Consumer Discretionary
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United States
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09/17/2015
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10/05/2015
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Con-way, Inc.
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XPO Logistics, Inc.
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Industrials
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United States
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09/09/2015
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10/05/2015
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LEG Immobilien AG
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Deutsche Wohnen AG
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Financials
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Germany
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09/20/2015
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10/05/2015
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Media General, Inc.
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Nexstar Broadcasting Group, Inc.
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Consumer Discretionary
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United States
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09/28/2015
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10/05/2015
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Oil Search Ltd.
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Woodside Petroleum Ltd.
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Energy
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Australia
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09/07/2015
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10/05/2015
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Power Assets Holdings Ltd.
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Cheung Kong Infrastructure
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Holdings Ltd.
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Utilities
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Hong Kong
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09/08/2015
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10/05/2015
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Solera Holdings, Inc.
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Solera Holdings, Inc. /Private Group/
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Information Technology
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United States
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09/13/2015
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10/05/2015
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Strategic Hotels & Resorts, Inc.
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The Blackstone Group LP
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Financials
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United States
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09/08/2015
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10/05/2015
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TECO Energy, Inc.
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Emera, Inc.
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Utilities
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United States
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09/04/2015
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10/05/2015
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ZS Pharma, Inc.
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Actelion Ltd.
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Health Care
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United States
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09/10/2015
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10/05/2015
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M&A Deals Removed from the MNA ETF
Target
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Acquirer
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Announce
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Added
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Deal
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Name
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Name
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Sector
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Country
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Date
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Date
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Result
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Betfair Group Plc
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Paddy Power Plc
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Consumer Discretionary
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United Kingdom
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08/26/2015
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09/03/2015
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Scenario 6
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Dealertrack Technologies, Inc.
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Cox Enterprises, Inc.
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Information Technology
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United States
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06/15/2015
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07/07/2015
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Completed
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Gramercy Property Trust, Inc.
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Chambers Street Properties
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Financials
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United States
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07/01/2015
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08/05/2015
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Min Weight
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K+S AG
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Potash Corp. of Saskatchewan, Inc.
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Materials
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Germany
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06/25/2015
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07/07/2015
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Terminated
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KYTHERA Biopharmaceuticals, Inc.
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Allergan Plc
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Health Care
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United States
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06/17/2015
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07/07/2015
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Completed
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Orbitz Worldwide, Inc.
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Expedia, Inc.
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Industrials
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United States
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02/12/2015
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03/04/2015
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Completed
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RSA Insurance Group Plc
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Zurich Insurance Group AG
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Financials
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United Kingdom
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07/28/2015
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08/05/2015
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Terminated
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Sigma-Aldrich Corp.
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Merck KGaA
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Materials
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United States
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09/22/2014
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10/03/2014
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Max Age
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Zulily, Inc.
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Liberty Interactive Corp.
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Consumer Discretionary
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United States
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08/17/2015
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09/03/2015
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Completed
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Merger Arbitrage funds typically have the potential to benefit from
buying target companies below the target price. The “spread” in price,
the difference between the target price and market price, can be quite
lucrative for investors, especially if there are competitive bids for a
company. Given today’s relatively low corporate valuations and the
significant amount of cash on corporate balance sheets, industry experts
forecast a rapid increase in M&A activity.
The IQ Merger Arbitrage ETF seeks to track, before fees and expenses,
the performance of the IQ Merger Arbitrage Index. The Index seeks to
achieve capital appreciation by investing in global companies for which
there has been a public announcement of a takeover by an acquirer. This
approach is based on a passive strategy of owning certain announced
takeover targets with the goal of generating returns that are
representative of global merger arbitrage activity. The Index also
includes short exposure to global equities as a partial equity market
hedge.
The IndexIQ family of funds includes:
-
IQ Hedge Multi-Strategy Plus Fund (IQHIX – Class I Shares; IQHOX –
Class A Shares);
-
IQ Hedge Multi-Strategy Tracker ETF (NYSE Arca: QAI);
-
IQ Hedge Market Neutral Tracker ETF (NYSE Arca: QMN);
-
IQ Hedge Macro Tracker ETF (NYSE Arca: MCRO);
-
IQ Hedge Long/Short Tracker ETF (NYSE Arca: QLS);
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IQ Hedge Event-Driven Tracker ETF (NYSE Arca: QED);
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IQ Merger Arbitrage ETF (NYSE Arca: MNA);
-
IQ Leaders GTAA Tracker ETF (NYSE Arca: QGTA);
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IQ 50 Percent Hedged FTSE International ETF (NYSE Arca: HFXI);
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IQ 50 Percent Hedged FTSE Europe ETF (NYSE Arca: HFXE);
-
IQ 50 Percent Hedged FTSE Japan ETF (NYSE Arca: HFXJ);
-
IQ Real Return ETF (NYSE Arca: CPI);
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IQ US Real Estate Small Cap ETF (NYSE Arca: ROOF);
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IQ Global Resources ETF (NYSE Arca: GRES);
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IQ Global Agribusiness Small Cap ETF (NYSE Arca: CROP);
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IQ Global Oil Small Cap ETF (NYSE Arca: IOIL);
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IQ Canada Small Cap ETF (NYSE Arca: CNDA); and,
-
IQ Australia Small Cap ETF (NYSE Arca: KROO).
About IndexIQ
IndexIQ is a pioneer and leading provider of innovative investment
solutions focused on absolute return, real assets, and international
strategies. IndexIQ’s solutions are offered as ETFs, mutual funds,
separately managed accounts, and ETF model portfolios. The company's
philosophy is to democratize investment management by providing all
investors with cost-effective access to the types of high-quality,
sophisticated investment products that typically have been reserved for
institutional and ultra high-net-worth investors. Founded upon
cutting-edge academic research, IndexIQ’s mission is to take indexing to
the next level by combining the best attributes of both passive and
active investing, and make strategies available to investors in low
cost, liquid, and transparent products*. IndexIQ is an indirect,
wholly-owned subsidiary of New York Life Insurance Company. Additional
information about the IndexIQ and its products can be found at IQetfs.com.
* The nature of IndexIQ's products allows for these potential benefits,
which typically are not associated with traditional hedge funds.
Consider the Funds’ investment objectives, risks, and charges and
expenses carefully before investing. The prospectus and the statement of
additional information include this and other relevant information about
the Funds and are available by visiting IQetfs.com or calling
888-934-0777. Read the prospectus carefully before investing.
IndexIQ® is the indirect wholly owned subsidiary of New York
Life Investment Management Holdings LLC. ALPS Distributors, Inc. (ALPS)
is the principal underwriter of the ETFs. NYLIFE Distributors LLC is a
distributor of the ETFs and the principal underwriter of the mutual
fund. NYLIFE Distributors LLC is located at 169 Lackawanna Ave,
Parsippany, NJ 07054. ALPS Distributors, Inc. is not affiliated with
NYLIFE Distributors LLC. NYLIFE Distributors LLC is a Member FINRA/SIPC.
*IndexIQ’s ETF holdings are available daily on IndexIQ’s
website. Brokerage commissions apply to ETFs. ETFs are liquid in that
they are exchange-traded.
Index performance does not reflect charges and expenses associated with
the Funds or brokerage commissions associated with buying and selling
ETF shares. One cannot invest directly in an index.
The IQ Hedge Multi-Strategy Plus Fund (IQ Fund), the IQ Hedge
Multi-Strategy Tracker ETF (IQ Multi-Strategy ETF), the IQ Hedge Market
Neutral Tracker ETF (QMN ETF), the IQ Hedge Long/Short Tracker ETF (QLS
ETF), the IQ Hedge Event-Driven Tracker ETF (QED ETF), and the IQ Macro
Tracker ETF (IQ Macro ETF) are not hedge funds and do not invest in
hedge funds. The IQ Hedge-Multi Strategy Plus Fund is a registered
open-end mutual fund that invests in exchange-traded funds (ETFs) and
similar securities in an attempt to replicate the performance
characteristics of certain hedge fund investing styles, but with less
cost, more liquidity, and greater portfolio transparency than
traditional hedge funds. There can be no assurance that the Funds’
investment strategies will be successful. The investment performance of
the IQ Multi-Strategy ETF, the QMN ETF, the IQ Macro ETF, the QLS ETF,
the QED ETF, and the IQ Real Return ETF (collectively, the IQ ETFs),
because they are funds of funds, depends on the investment performance
of the underlying ETFs in which they invest. There is no guarantee that
the IQ ETFs themselves, or each of the underlying ETFs in the Funds’
portfolios, will perform exactly as its underlying index. The IQ ETFs
are non-diversified and susceptible to greater losses if a single
portfolio investment declines than would a diversified mutual fund. The
IQ ETFs’ underlying ETFs invest in: foreign securities, which subject
them to risk of loss not typically associated with domestic markets,
such as currency fluctuations and political uncertainty; commodities
markets, which subject them to greater volatility than investments in
traditional securities, such as stocks and bonds; and fixed income
securities, which subject them to credit risk; the possibility that the
issuer of a security will be unable to make interest payments and/or
repay the principal on its debt; and interest rate risk; changes in the
value of a fixed-income security resulting from changes in interest
rates. Leverage, including borrowing, will cause some of the IQ ETF’s
underlying ETFs to be more volatile than if the underlying ETFs had not
been leveraged.
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