MNA: NYLI Merger Arbitrage ETF

ETF

About

MNA was created on 2009-11-17 by New York Life Investments. The fund's investment portfolio concentrates primarily on long/short alternatives. MNA tracks an index that uses a merger arbitrage strategy with long exposure to takeover targets and short exposure to broad global equity indexes.

Website
www.nylinvestments.com
Inception Date
11/17/2009
Asset Class
Alternatives
Investment Segment
Long/Short

Current Value

$32.74

1 Year Return

$1.62
5.21%

Key Details

Assets Under Management

$220.86M

Div Yield %

1.15%

P/E Ratio

-

Net Asset Value

$32.79

Expense Ratio

0.77%

1Y ETF Return

0.06%

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Stock's related to
MNA

Correlated Stocks

NameCorrelationMarket CapReturn % (1 Year)Div Yield %
SUNS31.52%$103.02M+31.64%1.41%
CPRI28.16%$2.32B-59.72%0.00%
DQ26.59%$1.26B-27.01%0.00%
KOP26.59%$765.76M-10.81%0.71%
K26.58%$12.39B+81.62%1.18%
ARLO26.58%$1.19B+30.66%0.00%
NWN26.57%$1.73B+17.90%4.52%
PACB26.56%$484.74M-78.83%0.00%
CHX26.56%$5.96B+6.36%1.17%
FORR26.56%$318.37M-33.36%0.00%
TIGO26.56%$4.51B+59.91%0.00%
PTGX26.55%$2.48B+147.47%0.00%
MTN26.55%$6.79B-19.90%4.79%
VRA26.54%$148.75M-31.02%0.00%
EVRG26.54%$14.85B+27.01%4.99%
PCT26.53%$1.93B+200.90%0.00%
EQX26.53%$2.60B+17.45%0.00%
CNO26.52%$4.06B+51.40%1.57%
ACIW26.51%$5.84B+115.97%0.00%
CCI26.50%$45.42B+1.36%5.96%

Uncorrelated Stocks

NameCorrelationMarket CapReturn % (1 Year)Div Yield %
INSM0.05%$13.20B+211.04%0.00%
MSFT0.05%$3.07T+9.27%0.75%
NNVC-0.08%$18.36M+17.97%0.00%
TPST0.09%$39.00M-78.67%0.00%
NTZ-0.16%$47.64M-30.80%0.00%
MRK0.19%$252.61B-1.79%3.06%
VSTA-0.31%$203.32M-37.79%0.00%
NVO-0.31%$342.62B-0.61%1.39%
ADBE0.32%$222.05B-18.60%0.00%
EYPT-0.36%$446.88M+39.17%0.00%
HIG0.39%$34.68B+53.88%1.57%
PRPH0.43%$18.55M-82.54%0.00%
KSPI-0.54%$19.73B+8.16%3.55%
NHTC0.55%$64.47M+3.99%13.82%
GRAL0.63%$508.58M-3.65%0.00%
CORZ0.65%$4.90B+3,634.04%0.00%
MOH-0.72%$16.94B-18.86%0.00%
CME0.73%$81.64B+7.34%2.00%
STG0.81%$35.47M+5.43%0.00%
LICY0.84%$48.30M-64.70%0.00%

ETF's related to
MNA

News

SeekingAlpha

GDL Fund's underperformance in merger arbitrage, widening NAV discount, and challenges in the sector have prompted me to downgrade my rating. Click here.

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