MNA - The Best Among A Good Bunch: IQ ARB Merger Arbitrage ETF
Source: Tovoy Solutions
Many ETFs offer “liquid alternatives” of various kinds, but very few have provided meaningful returns that are uncorrelated with the stock market, which is the whole point of investing in alternatives. The IQ ARB Merger Arbitrage ETF (MNA) is an exception. MNA offers investors a relatively low-cost passively-managed fund that systematically harvests the merger arbitrage risk premium. The fund has had a low correlation with the S&P 500, low volatility, and an impressive return history. It was just named “Alternative ETF of the Year” at the 2019 Mutual Fund and