NYLI Merger Arbitrage ETF (MNA)
NYLI Merger Arbitrage ETF operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $36.63, down 0.05% on the session, giving a market capitalisation of $252.4M. Its beta of 0.01 implies it has historically moved less than the broad market.
The NYLI Merger Arbitrage ETF (MNA) is designed to replicate the price and yield performance of its benchmark, the NYLI Merger Arbitrage Index, prior to accounting for fund expenses. The Index itself aims for capital appreciation by strategically investing in companies worldwide that have publicly announced an acquisition offer. This distinct, passive methodology involves owning shares in these identified takeover targets, with the objective of generating returns characteristic of global merger arbitrage operations. Furthermore, in transactions involving an exchange of stock, the Index includes a short position in the acquirer's shares anticipated to be received by the target company's stockholders.
NYLI Merger Arbitrage ETF is most often compared with the following Financial Services names: