This week we saw the launch of a new merger ETF from ProShares...
- MRGR - ProShares Merger ETF
The new fund correlates with the S&P Merger Arbitrage Index and according to ProShares, the goal of MRGR is to produce consistent, positive returns under virtually any market conditions and to offer access to a true merger arbitrage strategy delivered for the first time with the cost efficiency, transparency and liquidity of an ETF.
The new fund is listed on the BATS and is currently trading around $40. If you'd like to see more information, then feel free to check out the ProShares press release for MRGR