NEW YORK ( TheStreet) -- If the current bull market and economic expansion are close to their respective ends then investors will likely gravitate to absolute return and market-neutral strategies which might be why ProShares this week launched the ProShares Merger ETF (MRGR).Generically speaking, this is a merger arbitrage fund, a strategy that has been available for many years in retail products. The Merger Fund (MERFX) and the Arbitrage Fund (ARBFX) once dominated the space. Then, three years ago, the first ETF hit the market with the IndexIQ ARB Merger Arbitrage ETF (MNA).
Merger Space Gains New ETF, New Strategy
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