NYLI Merger Arbitrage ETF (MNA) Research
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.
Market snapshot
- Symbol
- MNA
- Price
- $36.36
- Day change
- +0.14%
- Market cap
- $249.5M
- 52-week range
- 34.83-37.19
- Sector
- Financial Services
- Industry
- Asset Management
Peer companies
- Brandes U.S. Value ETF (BUSA)
- Global X - MSCI China Consumer Discretionary ETF (CHIQ)
- Columbia U.S. Equity Income ETF (EQIN)
- iShares MSCI Malaysia ETF (EWM)
- JPMorgan International Hedged Equity Laddered Overlay ETF (HOLA)
- iShares Morningstar Small-Cap ETF (ISCB)
- iShares World ex U.S. Carbon Transition Readiness Aware Active ETF (LCTD)
- Invesco Russell 2000 Dynamic Multifactor ETF (OMFS)
Open NYLI Merger Arbitrage ETF (MNA) in Thesis for live fundamentals, charts, options context, and portfolio-aware Copilot follow-ups.