| A cross-border merger boom is boosting ETFs holding Catamaran, Dresser-Rand and other pharma and energy companies that are hot takeover targets. Merger-arbitrage exchange traded funds profit from the difference between a stock's price when a deal is announced and its final purchase price. Typically, that's an upward move.
Cross-border mergers and acquisitions have totaled roughly $594 billion in 2015, up 29% from a year ago, IBD recently reported. That surge doesn't surprise Adam Patti, CEO of ETF provider IndexIQ. ........................................Full Article: Source
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