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Upturn AI SWOT - About
IQ Merger Arbitrage ETF (MNA)
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Upturn Advisory Summary
10/10/2025: MNA (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 4.65% | Avg. Invested days 61 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/10/2025 |
Key Highlights
Volume (30-day avg) - | Beta 0.09 | 52 Weeks Range 31.50 - 35.52 | Updated Date 06/30/2025 |
52 Weeks Range 31.50 - 35.52 | Updated Date 06/30/2025 |
Upturn AI SWOT
IQ Merger Arbitrage ETF
ETF Overview
Overview
The IQ Merger Arbitrage ETF (MNA) seeks investment results that correspond generally to the price and yield performance of its underlying index, the IQ Merger Arbitrage Index. The fund invests in companies that are the subject of a publicly announced merger, acquisition, or takeover attempt. MNA aims to profit from the spread between the stock's current price and the acquisition price.
Reputation and Reliability
IndexIQ Advisors LLC is a well-regarded ETF provider known for its innovative investment strategies, particularly in alternative asset classes.
Management Expertise
IndexIQ's management team has extensive experience in developing and managing alternative investment strategies and exchange-traded funds.
Investment Objective
Goal
To seek investment results that correspond generally to the price and yield performance of the IQ Merger Arbitrage Index.
Investment Approach and Strategy
Strategy: The ETF aims to capture the merger arbitrage spread by investing in companies involved in announced mergers, acquisitions, and takeovers.
Composition Primarily holds common stocks of companies that are targets in mergers and acquisitions.
Market Position
Market Share: MNA holds a significant portion of the merger arbitrage ETF market, although precise market share data fluctuates.
Total Net Assets (AUM): 73408768
Competitors
Key Competitors
- CSH (Simplify US Equity PLUS Convexity ETF)
- ARBF (Arbitrage ETF)
Competitive Landscape
The merger arbitrage ETF market is relatively concentrated. MNA has a first-mover advantage and recognizable brand in this space. ARBF is an actively managed competitor. CSH is a less direct competitor focusing on equity plus convexity.
Financial Performance
Historical Performance: Historical performance data should be consulted from reliable financial data providers for various time periods (e.g., 1-year, 3-year, 5-year, 10-year returns).
Benchmark Comparison: Performance should be compared to the IQ Merger Arbitrage Index to assess tracking efficiency.
Expense Ratio: 0.75
Liquidity
Average Trading Volume
The average trading volume is moderate and typically sufficient for most investors.
Bid-Ask Spread
The bid-ask spread is generally competitive, reflecting the ETF's liquidity.
Market Dynamics
Market Environment Factors
Merger arbitrage performance is affected by deal volume, regulatory scrutiny, interest rates, and overall market sentiment.
Growth Trajectory
Growth trends depend on the M&A environment and the success of deals closing.
Moat and Competitive Advantages
Competitive Edge
MNA benefits from being one of the first merger arbitrage ETFs, providing a recognizable brand. It offers exposure to a diversified portfolio of merger targets, reducing single-deal risk. The fund's systematic approach to merger arbitrage can potentially outperform active managers in certain market conditions. MNA may also appeal to investors seeking alternative sources of returns with low correlation to traditional asset classes.
Risk Analysis
Volatility
Volatility can be moderate, influenced by deal uncertainty and market fluctuations.
Market Risk
Risks include deal breaks, regulatory challenges, and market-wide corrections that could negatively affect merger targets.
Investor Profile
Ideal Investor Profile
Suitable for investors seeking alternative sources of return with low correlation to traditional assets. It may also appeal to those looking for downside protection in a portfolio.
Market Risk
More suitable for long-term investors or those using it as a component of a diversified portfolio, not active traders.
Summary
The IQ Merger Arbitrage ETF (MNA) offers exposure to the merger arbitrage strategy. By investing in companies involved in announced mergers and acquisitions, MNA aims to capture the spread between the current market price and the acquisition price. Its performance is closely linked to the M&A environment. However, risks such as deal breaks and regulatory hurdles must be considered. Investors seeking alternative returns and diversification may find MNA a suitable addition to their portfolio.
Peer Comparison
Sources and Disclaimers
Data Sources:
- ETF provider website, financial data providers (e.g., Bloomberg, Morningstar)
Disclaimers:
The data provided is for informational purposes only and does not constitute investment advice. Investment decisions should be made based on individual circumstances and consultation with a qualified financial advisor. Past performance is not indicative of future results.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About IQ Merger Arbitrage ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the investments included in its underlying index. The underlying index seeks to employ a systematic investment process designed to identify opportunities in companies whose equity securities trade in developed markets, including the U.S., and which are involved in announced mergers, acquisitions and other buyout-related transactions. The fund is non-diversified.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.