IQ Merger Arbitrage ETF
If you want to play M&A via an exchange-traded fund, consider the IQ Merger Arbitrage ETF (MNA). MNA is based on the IQ Merger Arbitrage Index, which involves a sophisticated computer model that tracks opportunities across the world, including developed Europe and emerging Asia.
MNA is a smallish fund, boasting only $14 million in assets under management, but it’s also decently priced for what it does, charging just 0.76% in expenses.
As a note, MNA’s parent company, IndexIQ, is solely focused on providing ETF products for alternative investment categories. I recently interviewed CEO Adam Patti, who discussed how he and IndexIQ are trying to bring sophisticated strategies to the masses.