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Mna Brochure

Mna Brochure

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Published by: wagneb on Dec 02, 2009
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05/02/2011

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IndexIQ
 ® 
 
to alternatives.
The
alternative
IQ
 ® 
ARB MERGER ARBITRAGE ETF(NYSE Arca Ticker: MNA)
 
IndexIQ -
 The
alternative
to alternatives 
 
AbutIndexIQ
 
IndexIQ is a leading develper findex-based alternative investment
solutions that combine the benets
f traditinal index investing with therisk-adjusted return ptential sughtby active managers. The cmpany’sphilsphy is t demcratize alternativeinvestments by making ur strategiesavailable t investrs in lw cst, liquidand transparent prducts.
Consider the Fund’s investment objectives, risks, charges and expenses carefully beforeinvesting. A prospectus with this and other information about the Fund may be obtainedby visiting www.IndexIQ.com or by calling(888) 934-0777. Read the prospectuscarefully before investing.
IndexIQ -
The
alternative
to alternatives
IndexIQ Cntacts:Adam S. Patti
Chief Executive Ofcer
914.697.4946apatti@indexiq.cmAnthny B. Davidw, CIMAEVP & Head f Distributin914.481.8398tdavidw@indexiq.cmJeffrey D. Carlin, CFASVP & Natinal Sales Manager415.608.9589 jcarlin@indexiq.cm
 
IndexIQ -
 The
alternative
to alternatives
 
 
Merger Arbitrage (Merger ARB) is a hedged, alternativeinvestment strategy designed t take advantage f pricedisparities that exist fr cmpanies invlved in merger rther related takever activity. Merger ARB funds typicallybenefit frm buying target cmpanies at prices belw the targetprice. The difference in the target price and the market priceis knwn as the “spread” and can be quite large, especiallyif there are multiple ffers that create a bidding war fr the targetcmpany. If successful, a Merger ARB fund can make mneyby buying belw the target price and realizing the capitalappreciatin if the deal clses at r abve the target price.
As illustrated in the gure below, the HFRX Merger Arbitrage Index, a merger arbitrage hedge fund index, historically has generated favorable risk/returncharacteristics relative to the broad global equity markets.
What is Merger Arbitrage?
1
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12%10%8%6%4%2%0%-2%-4%0%
 –  –  –  –  –  –  –  –  –  – 
Annualized Standard Deviation0%20%25%5%10%15%
Risk/Return
October 2004 – September 2009 (Single Computation)
Data Source: IndexIQ, Bloomberg and Zephyr. Data for the period beginning 10/1/2004 and ending9/30/2009. Past performance is not a guarantee of future results. For illustrative purposes only.One cannot invest in an index. See page 8 for definitions. 
30%35%
HFRX Merger Arbitrate Index
 
Market Benchmark:MSCI World Index
Figure 1
   A  n  n  u  a   l   i  z  e   d   R  e   t  u  r  n

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