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
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts