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NYLI Merger Arbitrage ETF
MNA (NYLI Merger Arbitrage ETF) is an active US Equity ETF by NYLI. With a 0.77% MER, it provides diversified exposure through 8 holdings.
MNA is actively managed by NYLI's investment team, which selects holdings with the goal of outperforming a benchmark index.
Its 0.77% MER reflects the costs of a more specialized management approach. It does not pay a significant distribution — returns are reinvested for capital growth.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).