Name of ETF: ProShares Merger ETF
Benchmark Index: S&P Merger Arbitrage Index
Ticker Symbol: MRGR
Strategy: Merger arbitrage investment strategy. Highlights for this strategy include:
- The underlying index is comprised of up to 40 deals from developed countries around the world.
- Invests in the targeted companies (long positions targeted at 3% initial weight)
- Short positions in the shares of the acquirer (Zero to 3% initial weight)
- Merger deals are screen based on a variety of criteria including liquidity, size and the remaining spread.
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