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IndexIQ Announces June 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
Australand Property Group Stockland Financials Australia 04/23/2014 06/04/2014
Bull SA ATOS SE Technology France 05/26/2014 06/04/2014
Capitamalls Asia Limited CapitaLand Ltd. Financials Singapore 04/14/2014 06/04/2014
Chelsea Therapeutics International, Ltd. H. Lundbeck A/S Health Care United States 05/08/2014 06/04/2014
David Jones Limited Woolworths Holdings Ltd. Consumer Cyclicals Australia 04/09/2014 06/04/2014
DFC Global Corp. Lone Star Global Acquisitions Ltd. Financials United States 04/02/2014 06/04/2014
DIRECTV AT&T, Inc. Consumer Staples United States 05/18/2014 06/04/2014
Dixons Retail plc Carphone Warehouse Group Plc Consumer Cyclicals United Kingdom 05/15/2014 06/04/2014
Gentiva Health Services, Inc. Kindred Healthcare, Inc. Health Care United States 05/15/2014 06/04/2014
Goodman Fielder Limited Goodman Fielder Ltd. /Private Group/ Consumer Staples Australia 04/27/2014 06/04/2014
Hillshire Brands Company Tyson Foods, Inc. Consumer Staples United States 05/29/2014 06/04/2014
Orbital Sciences Corporation Alliant Techsystems, Inc. Capital Goods United States 04/29/2014 06/04/2014
Panaust Limited Guangdong Rising Assets Management Co., Ltd. Basic Materials Australia 05/12/2014 06/04/2014
Pinnacle Foods, Inc. The Hillshire Brands Co. Consumer Staples United States 05/12/2014 06/04/2014
Roland Corporation Taiyo Pacific Partners LP Consumer Cyclicals Japan 05/14/2014 06/04/2014
Sai Global Limited Pacific Equity Partners Pty Ltd. Consumer Cyclicals Australia 05/26/2014 06/04/2014
Taiyo Nippon Sanso Corporation Mitsubishi Chemical Holdings Corp. Basic Materials Japan 05/13/2014 06/04/2014
Treasury Wine Estates Limited KKR Holdings LP Consumer Staples Australia 05/20/2014 06/04/2014
VIVUS, Inc.     Aspen Investment Fund LLC     Health Care     United States     05/28/2014     06/04/2014
 
 
MNA Deals Removed From MNA ETF                              
Target     Acquirer             Announce     Added     Deal
Name     Name     Sector     Country     Date     Date     Result
LSI Corporation Avago Technologies Ltd. Technology United States 12/16/2013 01/06/2014 Completed
AMCOL International Corporation Minerals Technologies, Inc. Basic Materials United States 02/14/2014 03/05/2014 Completed
F&C Asset Management plc Bank of Montreal Financials United Kingdom 01/27/2014 02/06/2014 Completed
Olam International Limited Temasek Holdings Pte Ltd. Consumer Staples Singapore 03/14/2014 04/03/2014 Completed
Pohjola Bank Plc Class A OP-Pohjola Group Central Cooperative Financials Finland 02/06/2014 04/03/2014 Completed
Scania AB Class B Volkswagen AG Capital Goods Sweden 02/21/2014 04/03/2014 Completed
Zale Corporation Signet Jewelers Ltd. Consumer Cyclicals United States 02/19/2014 03/05/2014 Completed
ArthroCare Corporation Smith & Nephew Plc Health Care United States 02/03/2014 03/05/2014 Completed
EPL Oil & Gas, Inc. Energy XXI (Bermuda) Ltd. Energy United States 03/12/2014 04/03/2014 Completed
Osisko Mining Corporation Goldcorp, Inc. Basic Materials Canada 01/13/2014 02/06/2014 Completed
AstraZeneca PLC Pfizer Inc. Health Care United Kingdom 04/28/2014 05/05/2014 Cancelled
Bourbon SA JACCAR Holdings SA Energy France 03/17/2014 04/03/2014 Min Wt
Chatham Lodging Trust BlueMountain Capital Management LLC Financials United States 11/04/2013 12/04/2013 Max Age
Metso Oyj     The Weir Group Plc     Capital Goods     Finland     04/01/2014     05/05/2014     Cancelled
 

“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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