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IndexIQ Announces May 2014 M&A Deal Holdings In IQ Merger Arbitrage ETF (Ticker: MNA)

IndexIQ, a leading developer of index-based alternative investment solutions, today announced the mergers and acquisitions (M&A) deals to which investors can gain exposure in the IQ Merger Arbitrage ETF (Ticker: MNA). MNA was the industry’s first exchange-traded fund (ETF) to give investors exposure to global corporate M&A activity, which is rapidly increasing.

MNA has more than four years of live performance, having launched on November 17, 2009, while its underlying index, the IQ Merger Arbitrage Index, has more than six years of live performance, having launched on October 31, 2007.

MNA was designed to provide capital appreciation by investing in global companies for which there has been a public announcement of a takeover by an acquirer, a strategy generally known as “merger arbitrage.” This strategy generally seeks to take advantage of the price differential, where it exists, between the current trading price of a stock and the price of that stock at the time the deal is completed.

As of May 5, 2014, the deals that were added to and removed from the IQ Merger Arbitrage ETF are as follows:

MNA Deals Added to MNA ETF                  
Target   Acquirer   Target   Target   Announce     Added
Name   Name   Sector   Country   Date     Date
Allergan, Inc. Valeant Pharmaceuticals International, Inc. Health Care United States 04/22/2014 05/05/2014
AstraZeneca PLC Pfizer Inc. Health Care United Kingdom 04/28/2014 05/05/2014
Caracal Energy, Inc. Glencore Xstrata Plc Energy Canada 04/14/2014 05/05/2014
Furiex Pharmaceuticals, Inc. Forest Laboratories, Inc. Health Care United States 04/28/2014 05/05/2014
Lafarge SA Holcim Ltd. Basic Materials France 04/07/2014 05/05/2014
Metso Oyj The Weir Group Plc Capital Goods Finland 04/01/2014 05/05/2014
Pepco Holdings, Inc. Exelon Corp. Utilities United States 04/30/2014 05/05/2014
Questcor Pharmaceuticals, Inc. Mallinckrodt Plc Health Care United States 04/07/2014 05/05/2014
Safeway Inc. Cerberus Capital Management LP Consumer Staples United States 03/06/2014 05/05/2014
Susser Holdings Corporation Energy Transfer Partners LP Consumer Staples United States 04/28/2014 05/05/2014
Wing Hang Bank, Limited Oversea-Chinese Banking Corp. Ltd. Financials Hong Kong 04/01/2014 05/05/2014
               
MNA Deals Removed from MNA ETF                          
Target   Acquirer Announce Added Deal
Name   Name   Sector   Country     Date     Date     Result
Jones Group Inc. Sycamore Partners Management LLC Consumer Cyclicals United States 12/19/2013 01/06/2014 Completed
Commonwealth Property Office Fund The GPT Group Financials Australia 11/19/2013 12/04/2013 Completed
Accelrys, Inc. Dassault Systemes SA Health Care United States 01/30/2014 04/03/2014 Completed
ATMI, Inc. Entegris, Inc. Technology United States 02/04/2014 04/03/2014 Completed
KKR Financial Holdings LLC KKR & Co. LP Financials United States 12/16/2013 01/06/2014 Completed
Aaron's, Inc. Vintage Capital Management LLC Financials United States 02/07/2014 03/05/2014 Cancelled
Portugal Telecom, SGPS S.A. Oi SA Communication Services Portugal 10/02/2013 04/03/2014 Max Age
Schawk, Inc. Class A Matthews International Corp. Consumer Staples United States 03/17/2014 04/03/2014 Min Wt
Singapore Land Ltd. United Industrial Corp. Ltd. (Singapore) Financials Singapore 02/24/2014 04/03/2014 Completed
 

“Historically, investors have not had broad access to capitalize on mergers and acquisitions activity in an ETF,” said Adam Patti, chief executive officer at IndexIQ. “The Merger Arbitrage ETF is a hedged strategy designed to take advantage of price disparities that exist in merger activity and strengthen investor portfolios by buying below the target price and realizing the capital appreciation if the deal closes at or above the target price. As such a strategy had not historically been accessible in an ETF before the launch of MNA more than four years ago, we are very excited about providing investors with this liquid, transparent, low cost, and easily tradable product.”

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