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 December 3, 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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Airgas, Inc.
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Air Liquide SA
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Materials
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United States
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11/17/2015
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12/03/2015
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Allergan Plc
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Pfizer Inc.
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Health Care
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United States
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10/29/2015
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12/03/2015
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Boulder Brands, Inc.
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Pinnacle Foods, Inc.
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Consumer Staples
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United States
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11/24/2015
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12/03/2015
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Dyax Corp.
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Shire Plc
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Health Care
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United States
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11/02/2015
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12/03/2015
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Fairchild Semiconductor International, Inc.
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ON Semiconductor Corp.
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Information Technology
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United States
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11/18/2015
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12/03/2015
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HomeAway, Inc.
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Expedia, Inc.
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Information Technology
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United States
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11/04/2015
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12/03/2015
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King Digital Entertainment Plc
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Activision Blizzard, Inc.
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Information Technology
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United States
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11/02/2015
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12/03/2015
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Norfolk Southern Corp.
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Canadian Pacific Railway Ltd.
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Industrials
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United States
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11/17/2015
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12/03/2015
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Plum Creek Timber Co., Inc.
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Weyerhaeuser Co.
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Financials
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United States
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11/08/2015
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12/03/2015
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SABMiller Plc
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Anheuser-Busch InBev SA
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Consumer Staples
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United Kingdom
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09/16/2015
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12/03/2015
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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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Alcatel-Lucent SA
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Nokia Oyj
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Information Technology
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France
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04/14/2015
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05/05/2015
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Max Age
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Broadcom Corp.
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Avago Technologies Ltd.
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Information Technology
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United States
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05/28/2015
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06/03/2015
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Max Age
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Delhaize Group SA
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Royal Ahold NV
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Consumer Staples
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Belgium
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05/12/2015
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06/03/2015
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Max Age
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Integrated Silicon Solution, Inc.
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Cypress Semiconductor Corp.
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Information Technology
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United States
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05/13/2015
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04/06/2015
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Max Age
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IPC Healthcare, Inc.
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Team Health Holdings, Inc.
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Health Care
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United States
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08/04/2015
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09/03/2015
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Completed
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MarkWest Energy Partners LP
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Marathon Petroleum Corp.
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Energy
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United States
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07/13/2015
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08/05/2015
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Completed
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Power Assets Holdings Ltd.
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Cheung Kong Infrastructure Holdings Ltd.
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Utilities
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Hong Kong
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09/08/2015
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10/06/2015
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Terminated
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Xoom Corp.
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eBay, Inc.
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Information Technology
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United States
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07/01/2015
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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 provide
investors opportunity for gains, 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 sustained high 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:
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IQ Hedge Multi-Strategy Plus Fund (IQHIX – Class I Shares; IQHOX –
Class A Shares);
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IQ Hedge Multi-Strategy Tracker ETF (NYSE Arca:QAI);
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IQ Hedge Market Neutral Tracker ETF (NYSE Arca:QMN);
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IQ Hedge Macro Tracker ETF (NYSE Arca:MCRO);
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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);
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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);
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IQ 50 Percent Hedged FTSE Japan ETF (NYSE Arca:HFXJ);
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IQ Real Return ETF (NYSE Arca:CPI);
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IQ US Real Estate Small Cap ETF (NYSE Arca:ROOF);
-
IQ Global Resources ETF (NYSE Arca:GRES);
-
IQ Global Agribusiness Small Cap ETF (NYSE Arca:CROP);
-
IQ Global Oil Small Cap ETF (NYSE Arca:IOIL);
-
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. 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 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.
Risk Discussion: Certain of the proposed takeover transactions in
which the Fund invests may be renegotiated, terminated or involve a
longer time frame than originally contemplated, which may negatively
impact the Fund’s returns. The Fund’s investment strategy may result in
high portfolio turnover, which, in turn, may result in increased
transaction costs to the Fund and lower total returns. The Fund is
susceptible to foreign securities risk – since the Fund invests in
foreign markets, it will be subject to risk of loss not typically
associated with domestic markets, including currency transaction risk.
Diversification does not eliminate the risk of experiencing investment
losses. Stock prices of mid and small capitalization companies generally
are more volatile than those of larger companies and also more
vulnerable than those of larger capitalization companies to adverse
economic developments. The Fund is non-diversified and is susceptible to
greater losses if a single portfolio investment declines than would a
diversified fund. The ETF should be considered a speculative investment
with a high degree of risk, does not represent a complete investment
program and is not suitable for all investors. Investors cannot
invest 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 Leaders GTAA Tracker ETF is not a mutual fund and
does not invest in mutual 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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